Inflation is pushing half of Americans to consider second jobs
CBSN
Stubbornly high inflation is pushing more than half of American workers to consider taking a second job, according to a new study from technology company Qualtrics.
The survey of more than 1,000 adults with full-time jobs found that 38% have looked for a second job, while another 14% plan to do so, the company said. That means "more than half of working Americans have considered holding multiple jobs to pay for their living expenses," the company said in a statement.
Interest in gig work and so-called side hustles has picked up during the past year as inflation soared to a 40-year high. At the same time, wage growth hasn't kept pace, which translates into dwindling purchasing power for workers. That's prompted some to cut back on everyday expenses, while others are planning to trim their holiday spending this year, according to recent MassMutual research.
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