More than one-third of U.S. adults have a side hustle
That's according to new data from Bankrate’s Side Hustles Survey released last week.
If you have a side hustle going, you are not alone.
More than one-third (36 percent) of U.S. adults earn extra money beyond their main source of income through a side hustle, according to new data from Bankrate’s Side Hustles Survey released last week. More than one in three (36 percent) side hustlers use the additional income to pay for regular living expenses, like rent and groceries, and 32 percent of side hustlers think they will always need that work to make ends meet.
Among other findings from the survey include:
- Side hustling is bringing in more money year-over-year. The average side hustlers say they make $891 on average per month in extra income aside from their main source of income, up from $810 in 2023.
- Most side hustlers started after 2022. Fifty-two percent of side hustlers have been making money on the side for two years or less.
- Side hustlers are roughly equally split on how they spend their money. Thirty-seven percent of side hustlers agree they use at least some of their side hustle income to fund discretionary spending, 36 percent use it for everyday living expenses, 31 percent save at least some of the added income, and 20 percent use it to pay down debt.
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