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Millennials are turning to $1,000

As many as two in five adults in the U.S. have a side hustle, according to a recent It’s a reflection of the state of the economy, which has left many Americans—even those earning six figures—feeling like they’re Most Bankrate respondents (33%) said they need the job to afford “regular living expenses,” while 27% said it helps with “discretionary spending.” A quarter are using the extra cash from the side gigs for savings, and 12% are using it to repay debt. “Side hustles have become more common, but like so many things in this inflationary environment, people are working harder but not necessarily getting ahead,” said Bankrate senior industry analyst Ted Rossman in the report. “Side hustlers are much more likely to view this extra income as essential, rather than a passion project or a way to get ahead financially.” For millennials and Gen Zers, the cost of living has been their top concern and top stress driver for the past two years, Deloitte’s global people and purpose leader Michele Parmelee recently Fortune. All the extra work is paying off for some; the average side hustler makes $810 monthly, Bankrate finds. Millennials make the most at an average of $1,022 monthly, while Gen Zers tend to make $753. But 28% of side hustlers make just $1 to $50 monthly, enough to “ Naturally, people who have insufficient salaries from their main job are more likely to need a side hustle. Nearly half (42%) of employees living in a low-income household of less than $50,000 say that th...

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