The number of Americans working multiple jobs has surged to its highest level since 1994, with 8.9 million individuals, or 5.4% of all employed workers, reporting such employment. Contributing factors include rising inflation on essential goods and a competitive labor market, where the number of college graduates has significantly increased. As living costs continue to climb, many are embracing side hustles to supplement their income. This trend reflects broader economic challenges faced by working Americans and their adaptive responses to financial pressures.
A single paycheck just isn't enough. The number of Americans with two or more jobs has reached its highest point since the U.S. Bureau of Labor Statistics (BLS) began tracking the number in 1994.
Rising prices for rent, groceries, and other necessities may have led Americans to seek multiple income sources.
Nearly 50% of Parents Now Have Side Hustles, According to a New Survey.
The number of college graduates has nearly doubled from 21.2% in 1994 to 37.7% in 2022.
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