In a recent study conducted by personal finance experts at WealthUp, it was revealed that Americans are increasingly interested in starting a side hustle to earn extra money. The study analyzed Google searches related to side hustles over the past year to determine which states are most eager to take on additional work. Surprisingly, Utah emerged as the state with the highest interest in starting a side hustle, with an average of 263.5 monthly searches per 100,000 residents, significantly higher than the national average.
Following closely behind Utah, Georgia ranked second in terms of interest in starting a side hustle, with 222.4 searches per 100,000 residents. Arizona, Nevada, and Colorado rounded out the top five states most interested in pursuing a side hustle. On the other end of the spectrum, states like Vermont, Mississippi, and Alaska showed the least interest in starting a side hustle, with significantly lower search rates compared to the national average.
The study also highlighted the reasons why Americans are turning to side hustles, with 33% of working individuals using the additional income to cover essential living costs. In a time of economic uncertainty, many are seeking ways to supplement their primary income and improve their financial stability. With the rise of the gig economy and flexible work opportunities, starting a side hustle has become a popular choice for those looking to boost their income.
Riley Adams, Founder and CEO of WealthUp, shared some valuable tips for those considering starting a side hustle. He emphasized the importance of finding a balance between something you enjoy, are good at, and that suits your personal situation. Whether it’s offering a service like dog walking or utilizing assets like a spare room or car, there are various ways to generate extra income through a side hustle.
Overall, the study sheds light on the growing trend of side hustles in America and the increasing interest in pursuing additional sources of income. With the right approach and a bit of creativity, starting a side hustle can be a rewarding way to supplement your earnings and achieve financial goals. Whether you’re in Utah, Georgia, or any other state, exploring the world of side hustles could open up new opportunities for financial growth and stability.
