When one gig ain’t enough: 6.7 million Aussies looking for a second job
Millions of Australians are being forced to take second jobs to keep up with soaring costs, according to new research by Finder.
A Finder survey of 1,096 respondents revealed 32% of Aussies – equivalent to 6.7 million people – feel financially pressured to look for a second job in 2024.
Nearly twice the number of women (41%) feel they need to work more than one job compared to men (24%).
According to the Australian Bureau of Statistics (ABS), 970,700 people nationwide worked multiple jobs in December 2023.
Rebecca Pike, money expert at Finder, said a growing number of households are struggling to make ends meet.
"Many have no option but to take on a second job to keep their head above water.
"The cost of living crisis means many are in financial strife and are finding it difficult to pay for rising insurance and energy bills."
Finder's research shows it's young Aussies who are feeling the pinch the most, with a whopping 56% of gen Z admitting they'll need to look for a second job this year. This is followed by 40% of millennials.
Pike said having a second job can be a big commitment.
"Look at other ways you might be able to boost your bank balance. From renting out equipment you're not using at home to renting out a spare room or advertising your skills on AirTasker, side hustles can be a great way to earn some extra cash.
"That way you can pick and choose when you work."
Pike urged Aussies to build up a financial buffer to pay for unforeseen costs.
"Remember, most of us pay some sort of 'loyalty tax' by sticking with the suppliers and providers we've been with for years.
"But shopping around and comparing what you're paying – whether it's your car insurance, streaming subscriptions, or your home loan provider – can save you big on household bills," Pike said.
| Do you feel financially pressured to look for a second job in 2024? | |
|---|---|
| No | 68% |
| Yes | 32% |
| Source: Finder survey of 1,096 respondents January 2024 |
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