41% Of Americans Are Turning To Gig Economy & Side Hustling To Make Ends Meet

October 18, 2022
41% Of Americans Are Turning To Gig Economy & Side Hustling To Make Ends Meet

The market research that mobilityView has done on the topic has only got stronger as time has progressed.

It is no surprise that as the economy gets worse (inflation & recession) people are forced to take on extra work.

“Our recent side gig survey found that 41 percent of U.S. adults with a side job in 2022 need the extra income to pay for everyday living expenses, up from 31 percent when we last asked in 2019.”

Article Source : https://www.bankrate.com/finance/credit-cards/side-hustle-survey/

This is consistent with our previous reporting where we said :

  1. 58% of Americans are living paycheck to paycheck
  2. 36% of Americans earning $100,000+ are living paycheck to paycheck
  3. 30% of Americans earning $250,000+ are living paycheck to paycheck
  4. 1 in 4 Brits are skipping meals

Article Source : https://www.mobilityview.com/media/related-links/it-is-getting-incredibly-difficult-for-employees-around-the-world-to-cover-their-monthly-costs

It looks like 5% more Americans are turning to the Gig Economy/Side Hustling Economy vs. 2019 when only 36% of the entire US labour force derived some or all of their income from the Gig Economy : https://www.linkedin.com/feed/update/urn:li:activity:6929433818663686144/

Your fellow citizens & gig workers are trying to find ways to reduce their Telecom costs :

63% Of People Surveyed On LinkedIn Are Actively Looking To Reduce Their Monthly Telecom Spend : https://lnkd.in/gy3_pV5h

59% Of People Will Reduce Their Monthly Telecom Spend If Things Get Worse : https://lnkd.in/gaqRt5PV

85% of people surveyed in used their Personal IT assets in 2021 for business purposes : https://lnkd.in/eHynfRuz

US Tax Laws Have Changed Substantially As It Pertains To Smartphones & Audit Activity :

  1. Featured by Forbes For US & Canada Tax Compliancy For Employers & Employees : https://lnkd.in/gCMwfkWv
  2. Featured By America's #1 Tax Planning Expert For The Last 35 Years For Cellphone Tax Compliancy (Employer, Contractor/Freelancer/Gig Workers, and Employee) : https://lnkd.in/gfCpGBsd
  3. US Tax courts denying deducting the personal usage of your Smartphone and Home Internet costs : https://lnkd.in/gvAJ9YeN
  4. The Likelihood Of IRS Audit To Double For The Average American : https://lnkd.in/gTwW3pta
  5. IRS To Hire 87,000 Auditors Targeting Self Employed & Small Business Owners : https://lnkd.in/gn8Qz6ZR
  6. 80% Of New IRS Revenue Will Come From Small Businesses Earning Under $200,000 : https://lnkd.in/g3-icufG

Get Up To $3,000 In Retroactive Tax Deductions For The Gig / Side Hustle Usage Of Your Smartphone & Wireless Plan In Years Past

Get Up To A $1,000 Tax Deduction This Year For The Gig / Side Hustle Usage Of Your Smartphone & Wireless Plan

Save $1,500 Annually By Using Just A Single Smartphone and Wireless Plan For Business & Personal

IRS Has New Cellphone Tax Deductions For Gig Workers / Side Hustlers & Self-Employed People

Free Trial (Promo Code : Website06) : https://www.mobilityview.com/contact/direct-trial

Our Mobile Cost Management (MCM) Solution :

  1. 70% More cost effective than a Stipend for Smartphone Reimbursement
  2. 75% More cost effective than a Company provided phone
  3. Keeps companies labour law and tax law compliant
  4. Protects companies against class action lawsuits by their employees for failure to reimburse or adequately reimburse
  5. Keeps employees reimbursed & happy in a tax efficient lower cost way than a stipend or company provided phone
  6. Aligns your smartphone reimbursement policy to your mileage reimbursement policy. Tax authorities globally have required a mileage book for years and now require a "mileage book for connectivity costs" denoting the business vs. personal usage & cost

30 Second Explainer Videos On How We Lower Costs For Employees/Gig Workers & Employers :

Employee WFH / BYOD Reimbursement : https://lnkd.in/dvdupVwz
Employer WFH / BYOD Cost Savings : https://lnkd.in/dZ3wU9bW

Employee & Employer Cost Sharing For Win/Win : https://lnkd.in/grWgF8Tp
Carrying 2 Phones? Save $1,500 Annually On Cell Bills : https://lnkd.in/gCZXXXSM

Tax Deduction Changes For US Gig Workers : https://lnkd.in/ggAfRWhc
Tax Deduction Changes For Canadian Gig Workers : https://lnkd.in/gHFXa5nC
Tax Deduction Changes For Australian Gig Workers : https://lnkd.in/geT95ZTM

Gig Worker & Employee Tax Deduction/Reimbursement For Previous Years : https://lnkd.in/dG5MPP3X
Canadian Employee Tax Deduction Up To $1,000 : https://lnkd.in/gUhm-chC

Non-Canadian Employee & Gig Worker tax deduction : https://lnkd.in/gD5eEke

Get $30 to $80 / Month Tax Free In The Form Of Reimbursement Or Tax Deduction : https://lnkd.in/gQzB8ujx

Smartphone global tax trends : https://lnkd.in/dbvArumk