By Arlenys Tabare
The high cost of living is pushing many Americans out of their comfort zone, and whether it’s being a digital assistant, transportation, or working in a trade, more and more people are choosing to find a side job to make ends meet.
High prices of food, goods, services, credit card debt payments and inability to save They are not only causing many households to cut their budgets, but also prompting them to look for other income alternatives; It is for this reason that secondary jobs have had a strong boom since the pandemic.
According to ZipRecruiter data collected in a recent survey, it revealed that More than 35% of American respondents have a second job, a much higher percentage than that registered during 2020 and the end of 2022.
In this regard, ZipRecruiter economist Nicole Bachaud commented that this trend has been growing due to the fear of many of losing their major job due to how tight the labor market has been in recent years with large waves of layoffs, which is why she noted that “Having extra income is simply a way to prepare for a hypothetical scenario,” said.
For its part, an analysis developed by Omnisend indicated that more than 50% of Americans who have a secondary job do so to obtain extra income and be able to cover basic needs.
But, according to Bankrate, This mentality of having several incomes is occurring mainly in Generation Z, since 34% agree to start a business, unlike 22% of minute one boomers or 31% of millennials, and not necessarily because they are going through financial difficulties.
Even ZipRecruiter data found that high-income workers are looking for second jobs or doing side gigs, compared to those with low incomes.
Finally, in the Omnisend report it was learned that people with secondary jobs, for example in the technological area, earned up to $1,000 per month compared to transport workers or content creators.
Keep reading:
- Why tomatoes are worth almost 40% more than a year ago
- Do you pay the debt with an emergency fund or do you continue saving?
- Survey reveals that Generation Z is receiving more salary increases when changing jobs
- More Americans are using their emergency savings to cover transportation expenses
