We’ve all heard the timeless mantra that if you work hard, you’ll inevitably get ahead. And while that’s generally true, sometimes one income just isn’t enough. In fact, a 2019 Bankrate survey shows that a whopping 45% of Americans have side hustles, earning an extra $1,122 per month on average.
An even more startling figure: 40% of millennial respondents say they earn more than half their income from side gigs. Whatever your financial reasons for a side hustle — from paying off student loan debt, to saving for a vacation or mortgage down-payment — extra work can significantly boost incomes and strengthen financial futures.
