As the cost of living soars and tax burdens grow, many UK professionals are seeking second jobs or 'side hustles,' with a study indicating that 30% are contemplating one. The pressure for extra income drives 75% toward this option. However, while some experience drawbacks like burnout, others report benefits such as enhanced skills. With a new HMRC initiative probing side hustlers, the dynamics of work-life balance are changing as social media amplifies these trends and many workers log extensive hours in both primary and secondary jobs.
The rise of side hustles is largely driven by the need for extra income, with 75% of UK professionals seeking a financial boost amid high costs.
While 27% feel that juggling jobs leads to burnout, 36% find side hustles motivating, feeling they enhance skills useful for their main employment.
HMRC's campaign aims to facilitate the reporting of side hustles, responding to the increasing number of professionals engaging in secondary jobs.
Our data shows that 30% of UK professionals consider starting side hustles, revealing a significant shift in how workers view their time after hours.
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