Have you ever faced a layoff and wondered how you’d make ends meet? You’re not alone. As industries undergo rapid changes, many Americans are turning to freelancing and side hustles to earn a living. This latest study explores how recently laid-off professionals are handling these shifts, leveraging new skills, and adapting to a freelance-driven economy.
Based on a survey of 1,220 laid-off Americans, we offer insights into the income, job satisfaction, and long-term viability of post-layoff freelancing and side hustling. Let’s explore how the workforce is evolving in response to unprecedented challenges.
Key takeaways
- 44% of recently laid-off Americans have a side hustle.
- Nearly 1 in 2 recently laid-off Americans plan to pursue freelancing full-time instead of returning to traditional employment.
- Nearly 1 in 6 recently laid-off Americans (15%) report earning at least $2,000 per month from freelancing.
- Almost half of recently laid-off Americans (47%) have learned to use AI to pursue freelancing or side hustle opportunities.
- 68% of those recently laid off believe they’ll always need a side hustle, and 67% depend on it to make ends meet.
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