Side job

A side job, also informally called a side hustle or side gig, is an additional job that a person takes in addition to their primary job in order to supplement their income. Side jobs may be done out of necessity, when one's income from their main job is insufficient to support them, or simply out of a desire to earn more income. Working a side job can also, informally, be called moonlighting, usually when it is performed after normal working time. A side job can be a full-time job, part-time contract, or freelance work, and a person can hold more than one side job.^[2]

Side jobs gained in popularity in the U.S. due to wage stagnation and low wage growth that has not kept up with the rise in cost of living, with nearly a third of people with side jobs requiring them to pay expenses.^[3] Nearly 39% of all Americans report having a side job, including 43% of full-time workers.^[3] The most common reason workers take on side jobs is to obtain additional disposable income.^[3] In the United Kingdom, 60 percent of students and graduates reported having a side job, and 43 percent required it to pay renting expenses.^[4] Millennials are the most likely to have a side job, usually to have a financial "safety net",^[5] leading to them being considered the "side hustle generation". However, they are also common as a means to pay off student loans, as well as to leverage one's creativity in ways that would normally not be feasible in the typical workplace.^[3]^[6]

When a person's primary job only provides income so that they may pursue their preferred side job, it is typically known as a "day job".^[7] Side hustles are typically things that can be done on a full-time, part-time, or freelance basis at the same time as having a day job. Noteworthy examples include copywriting, ecommerce (e.g., selling products on Amazon), affiliate marketing, providing social media marketing services, day trading or investing in stocks, trading cryptocurrency, tutoring or coaching, and business management.

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References

^ Scanlon, Victoria (December 3, 2023). "Side Hustle Survey: New Insights About Independent Workers Entering 2024". SideHustles.
^ McDowell, Erin (June 28, 2019). "21 high-paying side jobs you can do in your spare time". Business Insider.
^ ^a ^b ^c ^d Dixon, Amanda. "Survey: Nearly 1 In 3 Side Hustlers Needs The Income To Stay Afloat". Bankrate.
^ Fenton, Abigail (November 22, 2019). "Two in five young Brits rely on 'side hustle' to make ends meet". Yahoo! Finance.
^ Allen, Robert G. (5 April 2005). Multiple Streams of Income: How to Generate a Lifetime of Unlimited Wealth. ISBN 978-0471714552.
^ Vallejo, Camila (November 14, 2019). "Tales from the 'side hustle generation': Meet the Connecticut millennials working multiple jobs to pay the bills". Hartford Courant.
^ "Definition of DAY JOB". Merriam-Webster.

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This page was last edited on 25 April 2024, at 13:53

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