In today's dynamic economic landscape, more and more of us are turning to “side hustles” to bolster income and navigate the challenges posed by stubbornly high inflation and interest rates. A side hustle is any additional income stream that provides supplemental cash - and it's different than a traditional part-time job in that it typically offers greater flexibility and autonomy, both in terms of hours worked and commitment level. And side hustles are seemingly becoming ever more popular.
According to a recent Bankrate survey, nearly 39% of U.S. adults have a side hustle of some kind - and for many, it's become a crucial source of income to help support everyday expenses. One in three U.S. adults surveyed said they need the money from their side hustle for day-to-day living expenses - outpacing those who use the cash for discretionary spending, at 27%. In fact, 28% of those with a side hustle believe they’ll always need one to make ends meet.
