Gigworker has released new insights into side hustle statistics, trends, and projections for 2024. The report covers various topics, including the prevalence and growth of side hustles, earnings and commitment levels, and the challenges faced by gig workers. It also explores technological and automation trends, the impact of the COVID-19 pandemic, and the future direction of the gig economy.
According to Gigworker, the prevalence of side hustles in the United States is widespread, with about 93% of working Americans engaged in some form of additional work. In 2022, approximately 36% of Americans either started or planned to start a side hustle, driven particularly by Millennials and Generation Z. Men are slightly more likely than women to have side hustles and often earn higher incomes from these endeavors. About 42% of those earning under $50,000 annually rely on side hustle income for daily expenses.
Motivations for side hustling include earning extra cash, achieving personal freedom, pursuing passions, and enjoying more leisure time. Average monthly earnings range from $483 to $810, with 15% earning more than $1,000 monthly. Side hustlers typically work evenings, dedicating 5-20 hours weekly. The highest earners are among those aged 55-64. Popular side gigs include online surveys, freelance work, blogging, and in-person tasks like home repairs and child care.
Challenges such as growth, marketing, time management, and idea generation persist for many gig workers. This has prompted many to use automation tools. According to Gigworker's report on the impact of COVID-19 on side hustles: "The COVID-19 pandemic has emphasized family and personal well-being."
Gigworker.com is a platform designed to support gig workers by providing access to gig jobs as well as remote and part-time job opportunities. The site offers various resources including outsourcing directories, recruitment services, job boards, work ideas reviews of popular tools step-by-step guides Additionally Gigworker.com allows users to interact ask questions network with experienced gig workers according to its About webpage.