12th January 2015
A third of 18 to 24-year-olds have been forced to take on a second job, in order to make ends meet claims new research from budgeting account provider thinkmoney.co.uk.
But it is not just the younger generations who work two jobs, as the survey of 2,000 Britons found that overall, one in six or 17%, of adults in the UK are working a an extra job, and many of these are doing so in order to get by.
Of those with second jobs, more than one in three, at 34%, do so because they could not actually survive financially without it. A further half of those who take a second job, at 51%, said they did so to give themselves additional spending money.
According to the research the most popular second jobs are:
|Second jobs||% of people with 2nd jobs|
|Working in a restaurant/café as a waiter/chef||3.8%|
Freelancing as a second career was particularly popular among men; with 19% of male respondents with a second job saying this provides them with an additional income, compared to 15% of women.
It was also a more popular choice among older generations, with a third of people aged 45 to 54 with a second job and a quarter, at 23% of over-55-year-olds saying this is their additional line of work, compared to just one in ten, at 11%, of 25 to 34-year-olds.
Ian Williams, spokesman for thinkmoney, says: “Despite the recent uptick in real wages and the falling cost of food and fuel, there’s no doubt many people still find that there is quite a lot of the month left at the end of the money.
“This is especially true for young people – a third of whom have more than one job, either because they couldn’t survive financially without it, or just to make their financial situation a bit easier. Whilst extra income is always welcome, working all hours can put a real strain on health, family and relationships.”