Tuesday, 11 June 2019

Bankrate's Side Hustle Survey

Interesting survey resluts from Bankrate on side hustles.  According to their findings:

  • nearly half of working Americans (45 percent) surveyed reported having a side gig in addition to their primary job. 
  • 48% of millennials, 39% of Gen Xers and 28% of Baby Boomers reported having side gigs.
  • side giggers worked an average of 12 hours per week
  • side giggers earned an average of $1,122 per month

One quick note on earnings, 60% of the respondents reported earning less than $500 per month, so the average is swayed by a relatively small number of respondents reporting earnings greater than $2,000 per month.

As the study chart below shows, "3 in 10 working Americans with a side hustle say they need the extra income to help cover the cost of regular living expenses."

Bankrate sidegig study

So as Bankrate points out, even though we have a strong economy a lot Americans are living paycheck to paycheck and just getting by. And a decent chunk are just getting by thanks to a side gig.



from Small Business Labs http://bit.ly/31rEB82
via https://ifttt.com/ IFTTT

No comments:

Post a Comment