The Rise of the “Portfolio Career”: Why Side Hustles Are Here to Stay
The term “side hustle” exploded during the COVID-19 years, fueled by the shift to remote work and a surge in inflation. While many have returned to traditional office settings, the appetite for supplemental income remains strong. A recent survey by MyPerfectResume reveals that a significant 72% of American workers now rely on at least one source of secondary income.
From Pandemic Trend to Permanent Feature
Initially driven by necessity during the pandemic, the side hustle has evolved into a core component of the American work landscape. The MyPerfectResume report indicates this isn’t a temporary phenomenon; over half of workers anticipate maintaining their current level of side hustle income in the coming year. Approximately one in four believe these secondary incomes may eventually surpass traditional pay raises as a means of financial growth.
Federal data supports this trend. The share of employees holding multiple jobs has been steadily increasing since the early months of the pandemic, peaking at 5.7% in November 2025 – the highest level recorded in the new millennium.
The Financial Imperative: Why Americans Hustle
The persistence of side hustles is deeply rooted in economic realities. While average worker pay increased by 18% between 2020 and 2024, inflation rose by 21% over the same period. This means the typical worker has diminished purchasing power compared to five years ago.
“You think of people who are just trying to pay rent, to pay for food,” explains Jasmine Escalera, a career expert at MyPerfectResume. “This isn’t about luxury. This represents about necessity.”
Popular Side Hustles in 2026
The types of side hustles Americans are pursuing are diverse, reflecting a range of skills and interests. According to recent data:
- 14% of workers engage in freelance or “gig” work.
- 14% generate income from investments, including stocks and cryptocurrency.
- 9% operate side businesses.
- 9% earn passive income through sources like royalties or rental properties.
- 4% hold second jobs with different employers.
Generational Differences in the Side Hustle Economy
The prevalence of side hustles varies across generations. Bankrate’s 2025 Side Hustle Survey found that Gen Z (34%) and Millennials (31%) are the most active participants, followed by Gen Xers (23%) and Baby Boomers (22%).
Examples of common side hustles include ride-hailing, food delivery, dog-walking, and freelance writing. Bankrate reports the typical side hustle generates around $200 per month.
One Gen Z nurse in New York supplements her income with extra shifts as a school nurse, while a Los Angeles loan underwriter supplements their income by distributing flyers for local businesses. Some, like the latter example, aspire to turn their side hustle into a full-time career.
The Future of Work: A Portfolio of Income Streams
The rise of the side hustle signals a broader shift in how Americans view work and income. The traditional model of a single, full-time job is increasingly being replaced by a “portfolio career” – a combination of multiple income streams that provide financial security and flexibility.
This trend is likely to continue as the gig economy expands and technology makes it easier to connect with freelance opportunities. Workers are seeking greater control over their income and schedules, and side hustles offer a way to achieve that.
FAQ
Q: What is driving the increase in side hustles?
A: Economic factors like inflation and the desire for financial security, combined with the flexibility offered by remote work, are key drivers.
Q: What are the most popular side hustles?
A: Freelance work, investments, side businesses, passive income, and second jobs are currently the most common.
Q: Is the side hustle trend here to stay?
A: Evidence suggests This proves. A majority of workers plan to maintain their current level of side hustle income, and many see it as a long-term strategy for financial stability.
Q: Are younger generations more likely to have side hustles?
A: Yes, Gen Z and Millennials are more actively involved in side hustles compared to older generations.
Did you know? The share of Americans holding multiple jobs reached a new millennium high of 5.7% in November 2025.
Pro Tip: When considering a side hustle, choose something that aligns with your skills and interests to maximize your earning potential and enjoyment.
What are your thoughts on the rise of side hustles? Share your experiences and insights in the comments below!
