These side hustles can help people earn money and beat inflation
CBSN
When struggling to make ends meet and cover the cost of living, people generally have two alternatives: spend less or take on extra work to earn more.
Today, with high inflation outpacing wage growth and federal pandemic relief programs expiring, many Americans are looking to stretch their dollar as far as possible. This can mean trimming costs around the house by culling streaming subscriptions and extending the shelf life of certain foods, for example. But when you've already cut costs to the bone and feel like you can't chop your spending any further without forgoing basic necessities, it could be time for a second job or side hustle.
Three-quarters of middle-income Americans say they don't earn enough to afford the cost of living, according to a recent survey. At the same time, more people than ever hold two full-time jobs, amounting to more than 70 hours of work a week. In June, 426,000 people were working two full-time positions, compared to 308,000 in February 2020, according to federal labor data.
