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Report Finds 37% of Americans Have a Side Hustle

By Carrie Hodousek

June 25, 2018 - 12:16 pm
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SAN FRANCISCO (KCBS Radio) - Nearly 4 in 10 Americans have a "side hustle," that's a side job to earn extra cash. KCBS Radio's Carrie Hodousek reports about a new Bankrate.com report that shows many of those people are millennials from the West Coast.

The high cost of living in the Bay Area is sending a lot of people looking for extra income.

"People in the west are maybe slightly more liklely to have a side hustle that they're doing every week, than people in the northeast and the midwest."

Amanda Dixon, an analyst with Bankrate.com, says millenials are turning more to those side jobs because "research shows that millenials value experiences so it makes sense that they would want to have that extra money in order to travel or do whatever they want to do."

On average, a side hustler can earn more than $600 a month. The report finds more men than woman have side hustles and 38% percent do it to meet their regular living expenses.

The most popular jobs are home repair/landscaping, online sales, crafts and childcare. Dixon says having a side gig certainly can't hurt.

"But if you only have one job, maybe consider finding a side hustle and maybe that will give you the money you need to boost your savings or boost your income,"