Connect with us

Lifestyle

One in five UK adults has started a ‘side hustle’ since March 2020

Published

on

freelancer woman working from homw
38% of people surveyed used the money they earnt from a side hustle to pay for rent, clothes and even food | Photo: Jonathan Borba

One in five (19%) adults in the UK have started a ‘side hustle’ since March 2020 and, almost one in six (16%) claim to earn upwards of £1,000 a month from their new venture, according to new research from insurance provider, Aviva, conducted by Censuswide over 10 days in May, 2022.

However, only two thirds of those who started a side hustle over the past two years are still pursuing them today. 37% have returned to their day jobs being their main source of income now that lockdowns are over, and some companies expect employees to return to the office or work from home only partially.

The most popular ‘side hustle’ people chose to pursue was to ‘sell handcrafted products’ (23%), a phenomenon that saw online marketplaces for crafts and vintage items such as Etsy growing exponentially in 2020 and 2021. One in nine (11%) looking for an extra income turned to art, 9% to photography, while a similar number (10%) tried their hand at being a social media influencer – a popular choice with those aged 16-24 (13%). Other income boosters included becoming a courier (6%), driving a taxi (4%), and offering nutritional advice (4%).

When asked what their original motivation was to start a side hustle in addition to their normal, full-time job during the pandemic, most say it was financially motivated. Two in five (39%) people said they did it because they saw an opportunity to turn a hobby into an income; others to ‘make ends meet’ (30%); become financially independent (21%) or to pay off debts (18%).  Over a quarter (27%) started their new vocation to empower themselves/ gain confidence and improve their mental health, while 16% just wanted to practice the skills they had attained (i.e. photography, counseling, etc.).

“The pandemic has transformed how we relate to work. Aviva’s research reveals two sides to this story. For some, the pandemic has brought greater work-life flexibility. This appears to have fuelled a boom in ‘side hustles’. For others, the pandemic has brought greater financial strain, and this appears to have fuelled a need to look elsewhere to make ends meet.” – says Alistair McQueen, Head of Savings & Retirement at Aviva.

On average, side hustlers make around £497 a month from their secondary income, with more than one in four (28%) earning more than £500 a month.

EuroNewsweek is a dynamic news platform featuring lifestyle, sustainability, successful stories, tech, leadership, creative marketing, business, and the unstoppable people behind them.

Lifestyle

Six-in-10 Motorists Travelling to Europe Don’t Know Emergency Numbers

Published

on

A man driving abroad in a motorway
Just 38% of those surveyed were aware they should call 112 in the event of an emergency in the European Union | Photo: Dan Gold

With British drivers set to take millions of car trips across the Channel this summer, a new RAC research has found six-in-10 (62%) don’t know the right number to call to get help in an emergency.

Just 38% of those surveyed by RAC Europe knew they should call 112 in the event of an emergency in the European Union. Among the others, a third (32%) worryingly have absolutely no idea which number to call if they found themselves in need of urgent help on the continent, while one-in-10 (12%) say they would dial 999 – the UK’s three-digit emergency services’ number. A similar proportion (11%) think the correct number to dial for help is 111 – the NHS non-emergency line.

Four per cent mistakenly believe the number to call is 101, which is the non-emergency line for UK police forces, and three per cent think they should dial 911, the emergency number in the United States and Canada.

What emergency number to call while travelling in Europe

Phone numberWhat it’s forWhere it works
112Emergency assistanceAll of the European Union plus many other European countries, including Switzerland, Turkey and the UK
999Emergency assistanceUnited Kingdom
911Emergency assistanceAll of North America
101Police non-emergency assistanceUnited Kingdom
111NHS non-emergency assistanceEngland, Scotland and Wales

“The 112 number is the pan-European equivalent of 999 and can be used pretty much anywhere throughout Europe for emergencies, including the UK. Every second counts in the event of a dangerous collision, so getting through to the emergency services first time round could quite literally be the difference between life and death,” warns Rod Dennis, RAC Europe spokesperson.

Continue Reading

Lifestyle

Gen Z Side Hustlers See 22% Income Boost, Study Finds

Published

on

A Gen Z male white webdesigner works from home at his computer.
37% of Gen Z are 'Tri-Hustlers,' juggling multiple side-hustles to maximize income. | Photo: Per Lööv

A new research has found that 45% of Gen Zs, people born between 1996 and 2010, now have a side hustle. The study, which was conducted by Visa, also reveals that over a third (37%) of these having more than one way to make extra income.

E-commerce (34%), social media influencers (25%) and passion-based projects (19%) are the top three types of side hustle businesses being run by Gen Zs, according to Visa.

Almost seven in ten (69%) of Gen Z side hustlers set up their business with the primary objective of earning extra income, with average earnings from a side hustle being £218.60 per month. However, the research also found that over a quarter (27%) began their venture to explore a passion and a similar number (26%) did so to develop their skills further.

Of those surveyed, a majority (61%) report that they increased their side hustle income by at least 10% of the last 12 months, with the average increase at 22% year-on-year growth. The survey also reveals that those who are more passionate about their side hustles report significantly higher income levels, whilst side hustles that have been running for more than two years, generate higher earnings.

Grace Kennington, aged 22, turned a pandemic past-time into a successful side hustle, enhancing her skills in design, marketing, and social media to sell artwork online. She comments, “I wear a million different side-hustle hats; I’ve become an expert at everything from packaging, stock management and design. It’s really made me a lot more adaptable! My biggest piece of advice to aspiring side-hustlers is to just get stuck in, even if you’ve had no training. Also reach out to people doing similar work to build your network.”

Gen Z’s friends play a key role in their side hustles; a third (33%) claim their friends inspired them to start it, with a further 39% saying their friends help to make their side hustle a success, while just over a fifth (21%) are inspired by celebrities or influencers.

Sustainability and legacy-building underpin Gen Z’s long-term outlook; over a third (35%) aspire to eventually quit their primary job to focus entirely on their side hustle, and a further two fifths (39%) hope that their side-hustle will continue on for generations in their family.

“Gen Z are already playing a transformative role in our economy, spurring on innovation and new ways of working. Through our research, we’ve uncovered some really positive signs that they will continue to change the way businesses and organisations operate in years to come,” says Mandy Lamb, Managing Director, UK&I at Visa.

Continue Reading

Lifestyle

10 Thrift Stores in London to Shop on a Budget

Published

on

10 Thrift Stores in London to Shop on a Budget
Octavia was founded by Victorian philanthropist and social reformer Octavia Hill, who began her work with the poor of London in the 1860s

Thrifting in London offers a fantastic way to shop stylishly on a budget while supporting sustainable fashion. Here are 10 must-visit thrift stores in London, each providing a unique shopping experience.

TRAID

TRAID offers a wide range of second-hand clothing, with proceeds supporting global development projects. The store is well-organized, making it easy to find stylish, affordable items. TRAID’s commitment to sustainability and ethical fashion makes it a popular choice among conscious shoppers.

Opening times: Monday to Saturday, 10am to 6pm; Sunday, 11am to 5pm.
To find your nearest Traid: http://traid.org.uk/shop-at-traid/

Beyond Retro

Nearest Tube: Oxford Circus
Beyond Retro is a haven for vintage lovers, offering a vast collection of retro clothing and accessories. The store is known for its eclectic mix and affordable prices, making it a favorite among fashion enthusiasts and bargain hunters alike.
Opening times: Monday to Saturday, 10am to 7pm; Sunday, 12pm to 6pm.
For more information: beyondretro.com

There are even Fara thrift shops dedicated to kids

FARA Charity Shop

Nearest Tube: Notting Hill Gate
with 40 shops and 30 years in charity retailing, FARA Charity Shops support children in Romania, offering a wide selection of clothing, books, and homewares. It’s a great place to find unique, budget-friendly items while supporting a good cause. If you go a bit outside London, there are even  Fara shops dedicated to kids.
Opening times: Monday to Saturday, 10am to 6pm; Sunday, 11am to 5pm.
For more information: faracharity.org

Oxfam Boutique

Nearest Tube: High Street Kensington
Oxfam Boutique offers a curated selection of high-quality second-hand clothing and accessories. Proceeds support global poverty reduction efforts, making it a great place to shop with a purpose.
Opening times: Monday to Saturday, 10am to 6pm; Sunday, 11am to 5pm.
For more information: oxfam.org.uk

Crisis

Nearest Tube: Stratford
Crisis supports homeless people in the UK, offering a range of second-hand clothing, books, and homewares. It’s a great place to find affordable, stylish items while supporting a good cause.
Opening times: Monday to Saturday, 10am to 6pm; Sunday, 11am to 5pm.
For more information: crisis.org.uk

Cancer Research UK

Nearest Tube: Gloucester Road
Cancer Research UK shops offer a wide selection of second-hand clothing and accessories, with proceeds funding cancer research. The stores are well-stocked and reasonably priced, making them a popular choice for budget-conscious shoppers.
Opening times: Monday to Saturday, 10am to 6pm; Sunday, 11am to 5pm.
For more information: cancerresearchuk.org

Sue Ryder

Nearest Tube: King’s Cross St. Pancras
Sue Ryder charity shops offer a range of second-hand clothing, books, and homewares. Proceeds support palliative, neurological, and bereavement support services, making your shopping trip meaningful.
Opening times: Monday to Saturday, 10am to 6pm; Sunday, 11am to 5pm.
For more information: sueryder.org

Barnardo’s

Nearest Tube: Shepherd’s Bush
Barnardo’s charity shops offer a variety of second-hand clothing and accessories, with proceeds supporting vulnerable children and young people. The stores are well-stocked and affordably priced, making them a great option for thrifters.
Opening times: Monday to Saturday, 10am to 6pm; Sunday, 11am to 5pm.
For more information: barnardos.org.uk

Octavia Foundation

Nearest Tube: South Kensington
Octavia Foundation charity shops offer high-quality second-hand clothing and homewares, supporting local community projects. The stores are known for their stylish selections and affordable prices. Octavia was founded by Octavia Hill, the Victorian philanthropist and social reformer, whose ideas formed the basis of the profession of housing management. Octavia began her work with the poor of London in the 1860s; she was a pioneer of social housing, a founder of the National Trust and the first clean air campaigner for London.


Opening times: Monday to Saturday, 10am to 6pm; Sunday, 11am to 5pm.
For more information: octaviafoundation.org.uk

Shopping at these thrift stores in London not only helps you save money but also supports various charitable causes and promotes sustainable fashion.

Continue Reading

Trending