Money

Nearly 7 million Australians seek second jobs

Published

2 years ago

March 25, 2024

A recent study conducted by Finder has unveiled the significant financial strain faced by Australians, leading to a surge in the number of individuals seeking second jobs.

With 32% of Australians feeling compelled to augment their income, equivalent to 6.7 million people, the report underscores the widespread economic challenges gripping the nation.

The study reveals a stark gender disparity, with nearly twice as many women as men expressing the need for additional income streams.

Key Insights:

Finder’s survey of 1,096 respondents highlights that financial pressures are driving a considerable portion of the population to explore secondary employment opportunities.
Women appear to be disproportionately affected, with 41% expressing the need for a second job, compared to 24% of men.
Official data from the Australian Bureau of Statistics (ABS) indicates that as of December 2023, 970,700 individuals across the nation were engaged in multiple job arrangements.

Rebecca Pike, a financial expert at Finder, said the growing struggle faced by households in meeting their financial obligations.

Pike attributes this predicament to the escalating costs of living, including rising insurance and energy bills.

The research underscores the heightened vulnerability of young Australians, particularly those belonging to Generation Z and millennials.

Secondary employment

A staggering 56% of Gen Z respondents anticipate the necessity of seeking secondary employment in 2024, followed by 40% of millennials.

Pike advocates exploring alternative avenues for supplementing income, such as renting out unused equipment or spare rooms, and leveraging platforms like AirTasker to market one’s skills.

Pike advises Australians to proactively manage their finances by building up a financial buffer and diligently comparing expenses to potentially secure significant savings.

In conclusion, the findings of Finder’s research shed light on the pervasive financial challenges confronting Australians, urging individuals to adopt proactive measures to navigate the evolving economic landscape effectively.

Money

Australian Dollar surges: What $0.70 means for markets

Australian dollar surges 5% to $0.70, impacting importers, exporters, and big miners amid rising interest rates.

Published

23 hours ago

February 18, 2026

Harvey Vargas

Australian dollar surges 5% to $0.70, impacting importers, exporters, and big miners amid rising interest rates.

The Australian dollar has jumped more than 5 percent against the U.S. dollar this year, now trading around $0.70. This rapid rise has sparked mixed reactions for importers and exporters as Australia’s materials sector shows signs of bouncing back, despite concerns over rising interest rates.

Dale Gilham from Wealth Within breaks down the factors behind the AUD surge, the implications for commodities, and what it means for big miners like BHP. From profits to strategy, we explore how the market is reacting to this currency shift.

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#AustralianDollar #AUD #Forex #Investing #Commodities #BHP #Mining #Markets

Money

S&P 500 rises as financial stocks lead and tech slips

S&P 500 rises 0.4% thanks to financial stocks; software struggles amidst AI concerns. Subscribe for updates!

Published

23 hours ago

February 18, 2026

Harvey Vargas

S&P 500 rises 0.4% thanks to financial stocks; software struggles amidst AI concerns. Subscribe for updates!

The S&P 500 climbed 0.4% on Tuesday, boosted by strong gains in financial stocks. Citigroup and JPMorgan led the rally, showing investors are rotating money into the sector as tech stocks faltered.

Meanwhile, software shares struggled, with ServiceNow, Autodesk, and Palo Alto Networks all seeing notable declines. Concerns around AI disruption continue to affect the software and financial sectors alike.

Market watchers are now turning their attention to upcoming inflation reports later this week, looking for signals that could shape the next moves in the market.

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Money

Australia’s GST debate heats up amid tax reform push

Australia debates GST expansion amid aging population pressures and personal income tax concerns; expert insights from Dr. Steven Enticott.

Published

2 days ago

February 17, 2026

Harvey Vargas

Australia debates GST expansion amid aging population pressures and personal income tax concerns; expert insights from Dr. Steven Enticott.

Australia is facing a fierce debate over tax reform, with fresh calls to broaden the Goods and Services Tax as the government searches for more stable revenue streams. With an ageing population putting pressure on health, pensions and long-term spending, economists argue the current reliance on personal income tax may not be sustainable.

Dr Steven Enticott from CIA Tax joins Ticker to break down the real impact of expanding the GST, including how it could affect lower-income households, whether taxing unrealised gains would change investor behaviour, and what compensation mechanisms could soften the blow on essential goods. The political risks are high, but so are the fiscal stakes.

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