so I don't know if you saw the most recent stats but more than one out of every three Americans has a side hustle is that a good thing or a bad thing the latest survey from bank rate shows that 36% of Americans currently have a side hustle and that's just the average I want you to take a look at this 48% of genen Z adults have a side hustle so these are people ages 18 to Upper 20 so that is almost half of gen z now I want to be clear with you about this so that there's no confusion out out there for anybody so a side hustle is you're working your primary job so you have your primary source of income but then you're working an additional job or an additional gig for supplemental income and so many Americans currently have a side hustle because of the cost of living crisis so I showed you gen z now I want to show you the rest 44% of Millennials have a side hustle I am a millennial and I've had a side hustle basically my entire adult life 33% of gen xers have a side hustle and take a look at this 23% of baby boomers have a side hustle now I want to share some of these stats with you so I found these to be very interesting so I want you to know what the situation is and then I'm going to give you my opinion about all this so let me show you this first so how much money are Americans making from their side Hustle the average right now is $891 a month but that's just the average so here's the breakdown so as you can see it varies it could be greatly it could be thousands of dollars it could be a few hundred or even close to nothing it just depends on how much time that you're putting into your side hustle and the type of work that you're doing but listen I want to say this if you're one of those people making under $50 a month with a side hustle I want to give you this warning because I don't want this to happen to you if you're doing a multi-level marketing thing or a pyramid scheme and you're making no money and you're putting a lot of time and effort into it and then they tell you to sell some useless junk to your friends or family please don't do that they're using you they're abusing you that's just my warning to you you know what just please run away from that type of situation that's a toxic situation and they're they're taking advantage of you anyways that's how that's how much people are making from their side hustles the average is $891 a month that is up 10% compared to last year now another question is how much time are Americans spending on their side hustle so you can see for yourself it varies however the majority of Americans that are doing a side hustle are spending many hours a week just look at these numbers and yet have to remember that this is on top of their primary job now a very good question is where do people even find the time to work on a side hustle and here's your answer the answer is basically whenever people can find time to to squeeze it in and another good question is what are these side hustles that Americans are doing so the answer is that it's all over the place from social media trying to be Tik Tock famous to Uber lift door dashing to freelancing on Fiverr to selling whatever on eBay or Etsy to Simply getting a part-time job or $10.99 work and you should know that most Americans are new to side hustling so I want you to see this approximately 59% of Americans with a side hustle have been doing it for 2 years or less 38% of Americans with a side hustle have been doing it for less than one year so if you picked up a side hustle recently you are not the only one millions of other Americans are right there with you now I'm going to share with you my opinion about this whole situation about how more Americans more and more Americans millions of Americans need to pick up a side hustle just to survive the current economic situation but before I do please let me know your thoughts like if you have any interesting side hustles please let the people know in the comments down below or let us know how your side hustle experience is going so I want to share with you my opinion and I want to say two things so the first thing I want to say is that just think about this logically just think about the situation more Americans have to pick up additional work or side hustle just to make ends meet so just what does that say to me it reveals the state of the economy or at least the true state of the economy it displays how bad inflation really has gotten and it shows simply how expensive the cost of living situation is right now I would say it's basically a crisis and listen I understand that all the government reports are saying how strong the economy is right now and I'm sure that you've seen it too the the media the headlines saying how robust the labor market is right now I voiced my opinion before about healthy skepticism about how they're describing the labor market and the economy but to me it's quite obvious that wage growth has not kept up with the cost of living okay so the second thing I want to say is when I started my adulthood I was working for a big company and I hated my job I absolutely hated it as a matter of fact I hated it so much I made a whole video about it so I will leave a link for you to that video down below so listen I want to tell you this it's very important to me that I give this information to you so I always knew that I wanted to be self-employed and if you want to be self-employed I would highly encourage you to consider at least consider doing what I did so keep your day job like keep your full-time job keep your income like don't do anything crazy with your finances is it for your safety Financial safety and start your new business as a side Hustle and start small start profitably just minimize your expenses and if you can grow your side hustle into something bigger then that's when you quit your full-time job so I would say play it safe do what I did go for incremental growth like you don't have to do anything wild and risky I look forward to reading your comments please take a look at what other people are saying as well thank you so much please subscribe and I wish you a very nice day take care