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Nearly 7 million Australians seek second jobs

Published

2 years ago

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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.

Related Topics:

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

Money

U.S. markets mixed as tech slumps and Fed moves spark uncertainty

Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.

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2 days ago

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February 6, 2026

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Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.


US equity markets posted mixed results as technology stocks fell, reflecting growing concerns about AI disruptions. The delay of key labour data has added to market uncertainty, especially with President Trump’s recent appointment of Kevin Warsh as Fed Chair.

Steve Gopalan from SkandaFX joins us to discuss how these shifts could influence monetary policy, corporate FX strategies, and the broader financial landscape.

We also dive into FX trends, euro-area inflation signals, and Australian dollar movements, exploring what these developments mean for investors worldwide.

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#USMarkets #TechStocks #FedPolicy #FXTrading #AIImpact #LabourMarket #CurrencyTrends #InvestingInsights


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Money

Tech stocks and Bitcoin tumble amid market uncertainty and rising job concerns

Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.

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2 days ago

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February 6, 2026

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Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.


Wall Street took a sharp hit Thursday as technology stocks and Bitcoin plunged, reigniting worries over the job market and global economic stability. Kyle Rodda from Capital.com breaks down how Alphabet and Qualcomm’s earnings may signal broader tech weakness.

Bitcoin’s recent drop also rattled crypto markets, with Coinbase shares falling sharply. Rodda explains how much of the decline is driven by market fundamentals versus shifting investor sentiment, and how rising AI expenditures are affecting investor confidence in tech.

The surge in unemployment claims, coupled with falling bond yields, is prompting concern over overall market stability.

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#WallStreetCrash #TechStocks #BitcoinDrop #MarketVolatility #JobMarket #InvestingTips #CryptoNews #Ticker


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Money

S&P 500 dips as tech stocks struggle with AMD leading losses

S&P 500 declines as tech stocks sell off; AMD plummets, Microsoft stable, investors eye Alphabet’s upcoming earnings report.

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3 days ago

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February 5, 2026

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S&P 500 declines as tech stocks sell off; AMD plummets, Microsoft stable, investors eye Alphabet’s upcoming earnings report.

The S&P 500 fell as technology stocks faced intense selling pressure, dragging the broader market lower. AMD shares were particularly hard hit, falling 17% after its first-quarter forecast disappointed analysts.

Software names including Oracle and CrowdStrike also struggled, although Microsoft found some stability amid the sell-off.

Investors are now focused on Alphabet, which is set to report earnings after the bell Wednesday.

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