'Side hustles' are everywhere. How Americans are earning more money.
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'Side hustles' are everywhere. How Americans are earning more money.
"Motivated by the rise of remote work in 2020 and a historic inflation spike in 2022, many Americans chose to take on a second - or third, or fourth - source of income. Today, the pandemic has eased, inflation has cooled, and many workers have been called back to the office. But a new survey suggests American workers still have a taste for extra income."
"A large majority of Americans, 72%, rely on at least one source of secondary income, according to a nationally representative survey of 1,000 working adults by MyPerfectResume, the resume-building platform. Here are the top five sources of extra income: 14% of workers reported freelance or "gig" work. 14% reported income from investments, such as stock or crypto. 9% reported income from side businesses. 9% reported passive income, such as royalties or rent. 4% reported second jobs with a different employer."
Remote-work growth in 2020 and an inflation spike in 2022 led many Americans to add additional income sources. A nationally representative survey of 1,000 working adults found 72% rely on at least one source of secondary income. Top sources include freelance or gig work (14%), investment income such as stocks or crypto (14%), side businesses (9%), passive income like royalties or rent (9%), and second jobs with a different employer (4%). Federal data show employees holding multiple positions rose steadily since early pandemic months, peaking at 5.7% in November 2025. Average pay rose 18% from 2020 to 2024 while inflation rose 21%, leaving typical workers with less purchasing power.
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