Millions of Australians feeling the pinch looking for a second job

Millions of Australians are looking for a second job, new research has revealed.

A survey by comparison website Finder showed that 32 per cent of respondents - nearly a third - felt financially pressured to work more than one job.

Finder said that equated to 6.7 million people.

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Nearly twice as many women (41 per cent) felt the need to get a second job compared to men (24 per cent).

Finder money expert Rebecca Pike said more households were struggling to make ends meet.

"Many have no option but to take on a second job to keep their head above water," she said.

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"The cost of living crisis means many are in financial strife and are finding it difficult to pay for rising insurance and energy bills."

Finder's research showed it was young Aussies feeling the pinch the most, with 56 per cent of gen Z admitting they'll need to look for a second job this year.

This was followed by 40 per cent of millennials.

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Pike said having a second job could be a big commitment.

"Look at other ways you might be able to boost your bank balance. From renting out equipment you're not using at home to renting out a spare room or advertising your skills on AirTasker, side hustles can be a great way to earn some extra cash," Pike said.

"That way you can pick and choose when you work."

Pike urged people to build up a financial buffer to pay for unforeseen costs.

"Remember, most of us pay some sort of 'loyalty tax' by sticking with the suppliers and providers we've been with for years," she said.

"But shopping around and comparing what you're paying – whether it's your car insurance, streaming subscriptions, or your home loan provider – can save you big on household bills," Pike said.

The information provided on this website is general in nature only and does not constitute personal financial advice. The information has been prepared without taking into account your personal objectives, financial situation or needs. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs.

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Millions of Australians feeling the pinch looking for a second job
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