In 2023, a significant portion of Americans—especially People of Color and Black women—have pursued side hustles largely due to rising living costs and inflation. This movement has provided financial relief and helped build wealth, notably among Black women, who represent a growing demographic in entrepreneurship. However, despite these benefits, many individuals face challenges, particularly in maintaining a work-life balance, raising questions about the true impact of side hustles on the entrepreneurial aspirations of People of Color amidst changing economic conditions.
Ultimately, are side hustles helping or hurting People of Color in their pursuit of entrepreneurship and wealth? I'd say it's a mixed bag.
Nearly one in three Black women have taken up part-time work or a side hustle alongside their full-time job.
From picking up an extra job in the gig economy to igniting an exciting entrepreneurial venture, millions of people started a side hustle.
As a result of pursuing a side hustle, many People of Color have suffered from a lack of work-life balance.
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