Side gigs for recent grads — as well as some not-so-recent grads — may be quite appealing. Through such gigs, they may increase their earnings, learn new skills, and help pay off college loans.
Side Gigs for Recent Grads
“So you’ve landed your first job. And you can finally splurge on the ad-free subscription to Hulu. But are you really financially stable enough for the more important expenses in your life? With the rising cost of housing, growing student loan debt, and high interest rates, it’s no wonder over half of recent grads take up a side hustle [side gig] to make ends meet.”
“According to a survey by Bankrate, millennials are more likely to have a side hustle than any other age group. Part of the reason for this is that they have more debt than any other generation. And they don’t anticipate as much job security as their parents. At the same time, the growing gig economy offers unique creative freedom and flexibility attractive to this generation. As it turns out, side hustlers can make over $8k annually. Whether you want to pay for a new car, put a down payment on a house, pay back your student loans, or build credit, it’s likely that there’s something out there for you.”
“If you’re like most recent college grads, your starting salary was actually 10% lower than you expected. So even if you’re making a comfortable amount, you may be looking to make up that difference with side income. The average millennial spends 45% of their paycheck on housing, which is 15 percentage points higher than the recommended amount. This means it’s hard to save money for big purchases.”
Click here to learn about many side gig possibilities.
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