The Holiday Season Means More People Take on Side Hustles — the Difference This Year? They Don't Plan to Quit Anytime Soon.In November, there was a 165,000 jump in people holding multiple positions, the largest increase since June.
Persistentinflationhas caused millions of Americans to reel in spending, but for some, budgeting still isn't enough to make ends meet.
In November, the Bureau of Labor Statisticsreportedthat there was nearly a 165,000 jump in individuals working multiple jobs — marking the steepest one-month increase since June.
The dramatic rise inside hustlescould be attributed to seemingly endless inflation driving up the cost of living, or it could have to do with theholiday season, which is a time of increased spending for most Americans.
Related:Inflation's Coming for Your Christmas. Here's How Much More Your Tree Will Cost This Year.
According to asurveyby Neighbor.com, 44% of respondents reported that they're either currently working or planning to work a seasonal job this year, with 51% currently working or planning to work overtime. Additionally, the report found that 92% of respondents who have aside hustleor plan to find one intend to keep it after the holiday season.
"There's always a holiday uptick from October until February or March by people who do these jobs to pay for holiday gifts, parties and clothing," Kathy Kristof, editor at SideHusl, toldUSA Today. "This year, it's very hard to differentiate the holiday uptick from the inflation uptick, but all of it combines for a significant rise in people looking for side hustles."
As for what individuals are doing to make extra income, driving for a ridesharing app likeUberor Lyft and delivering food forDoorDashor Instacart were among the leading gigs, according to Neighbor.com
