Tag: secondary income

May 7, 2025 Off

The Side Hustle Surge: Why Most Americans Need a Second Income

By The Admiral Staff

A recent survey by MyPerfectResume found that 71% of American workers rely on a secondary income, largely driven by rising costs of living (food up 25.2%, housing up 23.7%, and transportation up 27.1% since 2020). Common motivations include paying off debt, saving for goals, and covering essential expenses. While a secondary income offers financial benefits, it can also lead to burnout, impact work focus, and reduce time