As reports of large tech layoffs and skyrocketing mortgage rates continue to dominate news headlines, more and more U.S. workers are preparing for future economic uncertainty.
According to a recent American Staffing Association Workforce Monitor® online survey conducted by The Harris Poll, 58% of adults are likely to get a second job or “side hustle” in the next year to supplement their primary income. While the likelihood of taking on an additional role decreases with age, with 72% of Gen Z (18-25) and 67% of Millennials (26-41) considering a side hustle compared to just 30% of Baby Boomers (58-76), a majority of the workforce may be boosting their resources as inflation continues.
“As employers focus on reducing expenses and belt tightening, workers are considering turning to second jobs or extra shifts to make ends meet,” said Richard Wahlquist, president and chief executive officer at ASA.
