Second jobs and high inflation: Risks associated with working a side hustle
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Many employees are turning to side hustles amid the uncertain economic environment to make ends meet. However, some of those side hustles could impede on and threaten an employee's main income source, according to experts.
More than 40% of adults across the U.S. reported having a side job in 2022 in order to get extra income to pay for everyday living expenses, up from 31% during pre-pandemic times, according to a recent Bankrate report.
In some cases, it could also be a chance for employees to pursue a passion of theirs. Still, there are many issues that can arise from taking on another gig.
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For one, working a side hustle can take up a lot of time and employees can run the risk of letting it spill over into their regular work day, according to Luke Doyle, outreach team lead at NeoMam Studios. They can also run the risk of working into any needed time off, which can lead to a higher chance of burnout.
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