Young people are using side hustles to add an average £8,400 to annual earnings

Almost half of under-35s now have a ‘side hustle’ to top up earnings by an average of £8,400 per year - with 7% earning more than UK average wage. New research from communications provider Plusnet found almost half (44%) of Brits aged under 35 earn extra income alongside their full-time job, more than triple the number of over-55s (13%).

And that number only looks set to grow with a quarter (22%) of under-35s saying they are actively searching for a side gig. Side hustles can also be highly lucrative with under-35s earning an average of £8,400 per year while one in 15 (7%) earn more than the national average wage of £31,096 from their side hustle.

Joanna Carman, Marketing Director at Plusnet, said: “It is so inspiring to see young adults pursuing their dreams and reaping the rewards of that through greater financial independence.”