Multi jobs and the cost of living crisis

With more people doing more than one job or having a ‘side hustle’, working mums.co.uk wanted to look at how the cost of living crisis is driving so-called portfolio working.

Cost of living written in a notebook and calculations of home finances.

 

An increasing number of people in the UK are doing more than one job, with the cost of living crisis having led to a surge in so-called side hustles.

workingmums.co.uk’s 2024 annual survey – due to be launched next month – will seek to delve into this in more depth. Our 2023 survey revealed some interesting data, showing how spiralling prices have been affecting how people work.

We looked at people who were both employed and self employed and found high levels of food bank usage. 47% had used a food bank in the last year compared to 21% generally. 27% had used a food bank on at least a weekly basis.

57% said their partner had increased their hours due to the cost of living crisis, compared to 38% generally with 47% of respondents saying childcare costs were affecting the number of hours their partner was doing [compared to 30% generally].

Unsurprisingly, finance was a major reason mums had taken on a second job. 70% said they had taken on another job due to the cost of living crisis, compared to 42% generally.

62% said they would be looking for a job within the next 12 months and 54% said they planned to change sector. 59% were in financial debt, compared to 52% generally.

Those who did a self employed and employed job were also significantly more likely to have a disability – 39% as compared to 17% generally.

The survey was conducted last summer/autumn, but despite falling inflation in recent months, prices have continued to rise and many said they had not received above inflation pay rises at the time, with several not having received a pay rise at all.

*workingmums.co.uk has advice on some of the ramifications of doing more than one job here.

 



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