By the Numbers: Job side hustles

A look at the numbers behind the side hustle economy, as millions of Americans work side gigs to help pay the bills.
1:19 | 05/26/23

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Transcript for By the Numbers: Job side hustles
>> WELCOME BACK, EVERYONE. IT SEEMS LIKE EVERYBODY THESE IT SEEMS LIKE EVERYBODY THESE DAYS HAS A SIDE HUSTLE ON TOP DAYS HAS A SIDE HUSTLE ON TOP OF THEIR EVERYDAY JOB. OF THEIR EVERYDAY JOB. THAT'S BECAUSE MANY THAT'S BECAUSE MANY AMERICANS DO. AMERICANS DO. LET'S TAKE A LOOK AT THE SIDE LET'S TAKE A LOOK AT THE SIDE HUSTLE ECONOMY BY THE NUMBERS. HUSTLE ECONOMY BY THE NUMBERS. ABOUT 39% OF US DON'T SAY THAT ABOUT 39% OF US DON'T SAY THAT THEY HAVE A SIDE HUSTLE WORKING THEY HAVE A SIDE HUSTLE WORKING AN EXTRA GIG IN ORDER TO MAKE AN EXTRA GIG IN ORDER TO MAKE SOME EXTRA CASH . SOME EXTRA CASH . THAT'S ACCORDING TO A THAT'S ACCORDING TO A NEW REPORT FROM BANKRATE .COM, NEW REPORT FROM BANKRATE .COM, BASED ON A SURVEY CONDUCTED BASED ON A SURVEY CONDUCTED BY YOUGOV AND IS INFLATION BY YOUGOV AND IS INFLATION HITS MANY AMERICANS . HITS MANY AMERICANS . 28% OF THOSE WITH THE SIDE 28% OF THOSE WITH THE SIDE HUSTLE SAY THEY BELIEVE THEY'LL HUSTLE SAY THEY BELIEVE THEY'LL ALWAYS NEED TO HAVE ONE IN ALWAYS NEED TO HAVE ONE IN ORDER TO MAKE ENDS MEET. ORDER TO MAKE ENDS MEET. THAT'S ACCORDING THAT THAT'S ACCORDING THAT SAME REPORT. SAME REPORT. THESE SIDE GIGS ARE BRINGING IN THESE SIDE GIGS ARE BRINGING IN CASH FOR MANY ON AVERAGE, CASH FOR MANY ON AVERAGE, EARNING ABOUT EIGHT HUNDRED EARNING ABOUT EIGHT HUNDRED TEN DOLLARS EXTRA PER MONTH TEN DOLLARS EXTRA PER MONTH AND 15 PERCENT OF THOSE AND 15 PERCENT OF THOSE WITH SIDE HUSTLES REPORT WITH SIDE HUSTLES REPORT EARNING MORE THAN A THOUSAND EARNING MORE THAN A THOUSAND DOLLARS EXTRA MONTH. DOLLARS EXTRA MONTH. SO WHAT ARE AMERICANS USING SO WHAT ARE AMERICANS USING THAT EXTRA CASH ON? THAT EXTRA CASH ON? THE SURVEY FOUND AT 33% OF SIDE THE SURVEY FOUND AT 33% OF SIDE HUSTLER'S SPEND THE MONEY HUSTLER'S SPEND THE MONEY ON DAY TO DAY LIVING EXPENSES. ON DAY TO DAY LIVING EXPENSES. 27% USE THE MONEY FOR EXTRA 27% USE THE MONEY FOR EXTRA DISCRETIONARY SPENDING. DISCRETIONARY SPENDING. RANKING NEXT ON THE LIST. RANKING NEXT ON THE LIST. 25% PUT THE MONEY INTO 25% PUT THE MONEY INTO THEIR SAVINGS. THEIR SAVINGS. TWELVE PERCENT USE THE MONEY TWELVE PERCENT USE THE MONEY TO PAY OFF DEBTS. TO PAY OFF DEBTS. SIDE HUSTLES DO SEEM TO BE SIDE HUSTLES DO SEEM TO BE A YOUNG PERSON'S GAME. A YOUNG PERSON'S GAME. SOME FIFTY THREE PERCENT OF SOME FIFTY THREE PERCENT OF THOSE IN GINGER ZEE BETWEEN THOSE IN GINGER ZEE BETWEEN EIGHTEEN TO TWENTY SIX SAY THAT EIGHTEEN TO TWENTY SIX SAY THAT THEY HAVE A SIDE HUSTLE. THEY HAVE A SIDE HUSTLE. 50% OF MILLENNIALS BETWEEN 50% OF MILLENNIALS BETWEEN TWENTY SEVEN TO FORTY TO SAY TWENTY SEVEN TO FORTY TO SAY THAT THEY DO THAT COMPARES THAT THEY DO THAT COMPARES TO FORTY PERCENT OF GEN X TO FORTY PERCENT OF GEN X BETWEEN THE

This transcript has been automatically generated and may not be 100% accurate.

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