July 9, 2018

Future of Money: Half of full-time workers report having a side hustle

In our most recent Logica Research Future of Money Study we found that 40% of Americans say they have a “side hustle”—a job beyond their primary job that brings them extra income.

percent of americans who have a side hustle


Side hustle defined as: A job or project you have in addition to your main source of income.  It could be a project you do for fun to make extra income, or a way to generate additional income besides your main job.  For example, your own business, driving for Uber, AirBnB listing your home/property, or dog walking.

Is the gig economy the Future of Money?

Perhaps more surprising is that half of Americans who work full time say they have a “side hustle”.  If this is the case, then there could be over 60 million people in the United States with a side hustle -- a large potential market with different financial needs over the typical worker.


Is the side hustle just for Millennials?

The side hustle is cross-generational.  While Millennials are doing the most hustling at 54%, the side hustle is common.  Forty-three percent (43%) of Gen X, 37% of Gen Z, and almost a quarter of Boomers (24%) report having a side hustle.


who has a side hustle in america

Although technology is enabling the infrastructure needed to support more gig workers, wage stagnation could also be a push.  Americans in our study largely cite financial reasons for having a side hustle:

  • 56% want to make additional income
  • 47% want to use free time to make more money
  • 31% want additional financial security
  • 19% want to pay off credit card debt (28% for Millennials)
  • 11% want to pay off student loans (17% for Millennials)

why americans have a side hustle

Secondary reasons are about lifestyle and creativity: 19% want more schedule flexibility, 18% want to pursue their dream, 16% want to use free time to build something.  According to a recent bankrate.com study, these additional jobs contribute an average just under $700 a month in income.  Our results show that Americans are looking for additional income, while also having some flexibility and ability to pursue additional interests.

What do gig workers need?

With the gig worker comes the need for new products and services to help them achieve their financial goals.  They need tools to manage income streams, expenses, taxes, and save for retirement.  Do you have the insights you need to market to the gig worker?

Start the conversation.  engage@logicaresearch.com


The Logica Research Future of Money Study is conducted by Logica Research and is designed to provide insights to organizations to help improve people’s financial lives. The study is conducted online among 1,000 U.S. General Population Adults 18 and over.  The sample is balanced on gender, income, and age. The study includes an augment sample of 200 older Gen Zers (16-19), which is not included in total. Results are not weighted.