Tired of waiting for a raise? Maybe it’s time to look into a side job.
A new survey from Bankrate found 37% of Americans have a side hustle that brings in an average of $686 per month.
Most say they consider the extra money they earn to be disposable income. Nearly 40% say they use their extra funds to cover living expenses.
Half of people who have a second job earn less than $200 per month. Fifteen-percent say they make more than $1000 per month.
The most popular side hustles are:
- Home repair/landscaping
- Online sales
- Child care
Other findings from the survey:
- Millennials are more likely than members of other generations to say they have a side job.
- Men earn more