In a time when inflation and rising living costs are top of mind for many Americans, side hustles are becoming a lifeline for younger generations. A new LendingTree survey of nearly 2,000 U.S. Gen Zers and millennials has revealed that more than half of young Americans—55%—now operate a side hustle. This growing trend is not just a means of earning extra pocket money; it is essential for many to make ends meet in an increasingly expensive economy.
According to the survey, side hustlers in these age groups are earning an average of $1,253 per month in supplemental income. For many, this income is crucial—80% of side hustlers say they are more reliant on these earnings due to the current economic situation. In fact, 52% of respondents reported that they use their side hustle income to pay for primary expenses or bills. With such a substantial number of young Americans depending on side income, it's clear that side hustles are no longer a luxury, but a necessity for many.
