Aditya Sachdeva has a full-time job at a digital marketing agency. He has one too. The side gig Data is working.
27-year-old Sachdeva’s numbers go up. Side hustle Projects that he takes up at the end of the year so that he can have extra money for himself. Vacation expenses.
More people are doing the same thing, according to two new surveys.
Oh Survey by Sidehustles.com It found that 78% of Americans are either already doing side hustles or planning to take on a side gig to help cover their vacation expenses. Of these respondents, 59% already have an additional job and 19% plan to start one.
In another Study via resumetemplates.com, 70% of full-time employees said they would work overtime to afford the holidays. Forty percent of full-time workers said they already have a side gig, and another 30 percent said they plan to pick up a side hustle. Employees said they would do gig work, seasonal retail jobs and freelancing to supplement their income.
A food delivery worker takes an order on Sixth Avenue on July 29, 2024 in the Park Slope neighborhood of the Brooklyn borough in New York City.
Ed Huang, co-founder of Sidehustles.com, said people looking for side gigs — and people looking to hire people for those roles — are on the rise by the end of the year. He said that the demand for work is often three times higher during the holidays than at other times of the year.
“We’re seeing the highest peak during Christmas compared to the rest of the year,” Huang told USA Today. Hwang said his website, which helps connect people with extra gigs, has seen an increase in the past three to five years in people looking for those positions during the holiday season, especially during the COVID-19 pandemic. After 19 pandemics.
Freelance writing is always a top-side gig, and Huang said he’s seen an increase in businesses looking to hire people to wrap gifts for extra cash.
Julia Toothaker, chief career strategist at ResumeTemplates.com, also said that holiday and year-end side hustles have increased since 2020.
“Whether you want to increase your gross income or have extra cash for the holiday season, there are many opportunities to earn more,” Toothaker told USA Today. “Inflation has been a constant worry for many, and a side hustle is a great way to supplement your income while keeping your schedule in check.”
Toothaker said it’s important to keep in mind that some companies prevent employees from working elsewhere. Check your contract or company policies to make sure you can work for another organization. Generally, policies don’t affect freelance roles in which you’re self-employed, especially if the work doesn’t compete with your primary employer’s business.
Sachdeva started doing freelance or side gigs after graduating college during the Covid-19 pandemic, when full-time opportunities were not plentiful. After holding a full-time job, he continued to do some side jobs. He said it was a good way to keep up with his skills, and it helped to make money on the side.
Although Sachdeva takes up side gigs throughout the year, he backs off during the summer months to do more outdoors, travel and be with friends.
But in the winter, he ramps up again, taking on more side projects.
“There are so many more opportunities to pack, especially what I do,” Sachdeva said. “A lot of clients need year-end work and in the tech space, a lot of companies outsource their work to freelancers.”
In the winter, holiday gifts and travel expenses also increase, he said, and the side gig income comes in handy, he said.
He can earn an extra $5,000 to $10,000 a month.
Here are some insights from Sidehustles.com’s study:
1 in 4 Americans are working side gigs to afford holiday travel. Among other reasons they take on extra work: 55% say it’s to afford gifts. 48% say it’s to build an emergency fund. 44% say paying off debt. 34% say it is to bear unexpected expenses. And 29% say it’s to increase vacations.
66% of Americans feel more financial stress during the holidays than at any other time of year.
About 1 in 10 expect to earn more than $1,000 a month from their side hustle to cover vacation expenses. On average, those with side gigs plan to spend $682 on holiday gifts this season.
Of those planning to start a side hustle to pay for vacation expenses, 34% plan to work multiple jobs.
Majority of the employees said that they could not afford holidays on their salary alone.
Three in 10 people working overtime said their full-time job would reduce their productivity.
Popular choices for side hustles include delivery services (42%), seasonal retail jobs (32%), freelancing, such as writing or graphic design (27%). and ride sharing (26%). Pets or house sitting are also popular (16%), along with social media influencers (15%), bar or restaurant work (14%) and childcare (9%).
Thirteen percent of respondents aim to earn $500 or less from their holiday hustle, while 31% aim to earn $500 to $1,000. Another 28% expect $1,001 to $2,000, and 17% want $2,001 to $3,000. Twelve percent appear to earn more than $3,000.
More than 20% of respondents plan to spend $2,000 or more on vacation.
Betty Lin-Fisher is a consumer reporter for USA TODAY. Reach out to him. [email protected] Or follow him on X, Facebook or Instagram @blinfisher.. Sign up for our free The Daily Money newsletter, which will include consumer news on Fridays, Here
Budget 2025: 5 ways that the government can increase women’s jobs and create green jobs.
Only a week is left by the announcement of the central budget by Finance Minister Nirmala Sita Raman. The country is full of employment opportunities and hopes for economic development.…
The Himachal government will generate 25,000 jobs, strengthen the sectors of dairy, natural cultivation, agriculture, horticulture, fishing: CM
Himachal Pradesh Chief Minister Thakur Sukhwinder Singh Sukho said that the government plans to produce 25,000 new posts in different categories, which will provide unemployed youths for various qualifications for…
Editor-DN
