Many Americans are getting part-time jobs to keep up with rising costs brought on by inflation.
Key Details
- Costs in the U.S. have risen considerably in the past few months due to ongoing inflation.
- As many Americans are trying to keep up with the costs, they are being forced into finding another stream of income.
- Many are having to get a part-time job on top of their full-time job just to keep up with the prices of groceries and other necessary items.
Why it’s news
Between the upcoming holiday season and the continued cost of inflation many Americans are being forced into second jobs.
The U.S. has been plagued by record high inflation and high costs for everyday items for months and now citizens are having to get secondary jobs just to afford groceries and other necessities.
The number of Americans working a part-time job plus a full-time job has increased 6%, year-over-year, to 4.5 million people, according to statistics from the Labor Department.
For many this is the first time in their life that they have had to get another source of income. Many say between rising grocery, gas, and other costs they were falling short on other bills and had to secure another source of income.
Surprising Statistic
A recent survey of more than 1,700 U.S.-based employees by job website Monster.com showed that almost three-quarters of workers said they need additional work to make enough income due to inflation.
Many of the workers are opting for supplemental jobs like driving for ride-hailing services Lyft or Uber and others have begun delivering food or groceries.
Not only is the rising costs of groceries and other necessities rising, but rent has also been increasing at alarming rates. Many people have reported getting emails from landlords stating that their rent would be rising $500 in one month causing them to leave or hunt for additional income.
Until inflation subsidies are prices can go back to normal it looks like many other Americsn will have to opt for a secondary job.