Business

Nearly 70% of Americans are looking for part-time jobs to fight inflation


A few months ago, Mike Petree noticed an alarming pattern: His bank account would go uncomfortably low by the end of the week before he got his paycheck, paid every two weeks on Wednesdays.

Despite not changing their daily routine, the bills for him and his family of 5 skyrocketed: a weekly $120 grocery bill increased to $200, and a refill of the jug $50 gasoline doubles to almost $100 per refill.

“A few times, we had to put our groceries on the Discover card to make sure we had it,” said Petree, 45, of Louisville, Kentucky, who works for a credit card processor. food for the week. He noticed other essential expenses, like utility bills, also increased last year.

Although Mike Petree says he and his wife make “good money” from their full-time jobs, rising inflation has forced him to choose a second part-time job to cover basic expenses. such as food and gasoline.

Courtesy of Mike Petree

Petree said he and his wife, who work as operations directors at a nursing home, make “good money” and were able to comfortably cover all their needs just a few months ago.

But with inflation soaring, has increased 8.3% year-over-year in Augustthat is no longer the case.

Starting this week, Petree will work full-time during the week and part-time cashier at Lowe’s on weekends.

Cutting costs isn’t enough – people are working harder to cover inflation

What recession fears could mean for part-time jobs

Employers have been hiring in a tight market by raising wages and trying to compete with other perks, such as flexible schedules, free food, or a greater focus on merit employee receipt.

But fears of a recession and future consumer spending could prompt some companies to downsize, Laurinas said. Example: Walmart recently announced the plan hired 40,000 workers for the holiday, down from 150,000 retail workers and 20,000 supply chain workers hired last year.

That could make it difficult for half of workers surveyed, who plan to take seasonal work during the holiday to cover their bills. Another 58% of respondents are interested in short-term gig work, which Bluecrew defines as taking on multiple assignments with different companies at the same time.

Many workers already have plans to change their job picture in the new year to keep pace with rising costs: 65% say they foresee themselves looking for new opportunities in 2023. That number. could increase if an economic downturn causes unemployment to rise.

Workers said salary is the most important thing for them when accepting a new job, followed by location, schedule (such as being able to work morning, evening and weekend shifts), calculation flexibility (like the ability to call when needed) and opportunities for growth, according to the Bluecrew survey.

As for Petree, he actually picked his second job on the recommendation of a colleague who did the same thing. With a salary of $15 an hour and 20 hours a week, he hopes it will relieve his family of stress from soaring prices.

He worries overtime could lead to burnout. Instead of working seven days a week, he’s considering working the 6am-10am shift with Lowe on weekdays before starting the 11am-8pm full-time job.

It will be a long day, he admits, but what is best for him and his family depends on the circumstances.

Payment procedures:

13 occupations where more than 50% of workers are satisfied with their salary

Employees say this is the #1 reason why they quit their jobs

‘It’s about fairness and respect’: California may soon have new pay transparency laws

Register now: Get smarter about your money and career with our weekly newsletter

How does a 29-year-old man earning $245,000/year in Anaheim, CA spend his money?



Source link

news7f

News7F: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button