Americans are having trouble staying afloat in the Biden economy.
According to a report from CNBC, nearly 70% of Americans are looking for extra work to make ends meet as inflation continues to make everyday items like gas and groceries harder to afford.
85% of Americans say they’ve had to adjust their spending habits due to inflation, 72% say it’s impacted the way they view their job and 57% have sought out new or additional roles in the past year, according to the survey.
“Rapid inflation is forcing people to look at not only how they’re spending their money, but also how they’re earning their money,” says Matt Laurinas, chief customer officer at Bluecrew.
According to data from the St. Louis Federal Reserve, nearly 5% of Americans hold multiple jobs and 440,000 Americans hold two full-time jobs —a record high.
Many workers are already planning to change their job picture in the new year to keep pace with rising costs: 65% of people say they foresee themselves looking for new opportunities in 2023. That number could go up if a recession causes unemployment to rise.
Workers say pay is the most important thing to them when accepting a new job, followed by location, scheduling (like being able to take morning v. nights v. weekend shifts), flexibility (like the ability to call out when needed) and opportunities for growth, per the Bluecrew survey.
Senator Ted Cruz (R-TX) shared the story on Twitter, saying “Nearly 70% of Americans are looking for more work to fight #BidenFlation. I can envision the Biden White House spinning this as a positive problem.”
More over at CNBC:
Nearly 70% of Americans are looking for more work to fight #BidenFlation.
I can envision the Biden White House spinning this as a positive problem.
— Senator Ted Cruz (@SenTedCruz) September 27, 2022