--- title: Top 5 Ways People Are Getting Extra Income to Cope With Inflation description: Almost 30% of Americans are now supplementing their income in some way to combat inflation's financial drain, according to a new report. authors: - name: Mary Ellen Cagnassola role: Reporter url: https://money.com/author/mary-ellen-cagnassola/ bio: Mary Ellen (M.E.) Cagnassola is a former reporter at Money, where she covered Social Security, retirement, housing, and employment. Her work reflects her commitment to service and equity in consumer finance. education: Rutgers University, BA Journalism at_money_since: 2021 articles: 205 covers: - Career Advice - Banking - Business - Credit - Credit Cards - Economy and Politics - Education - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Professional Services - Retirement - Shopping - Taxes former_staff: true editors: - name: Brad Tuttle role: Senior Editor url: https://money.com/author/brad-tuttle/ bio: Brad Tuttle is a former senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals. education: Columbia University School of Journalism, MS at_money_since: 2014 articles: 366 covers: - Career Advice - Banking - Business - Credit - Credit Cards - Economy and Politics - Education - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Professional Services - Retirement - Shopping - Taxes - Technology social: - https://twitter.com/bradrtuttle - https://linkedin.com/in/brad-tuttle-834b225 former_staff: true published: '2023-03-27T20:59:33.000Z' modified: '2024-01-10T12:55:38.000Z' section: Career Advice tags: - inflation - News word_count: 348 canonical: https://money.com/ways-supplement-income-high-inflation/ type: NewsArticle source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Collage of money, tip-jar, computer, and credit0card machine](https://img.money.com/2023/03/News-Supplemental-income.jpg) Good things happen to those who hustle. Or rather, at the very least, those who hustle may be having an easier time keeping their bills paid in an inflationary era. A new [report](https://www.pymnts.com/wp-content/uploads/2023/03/PYMNTS-New-Reality-Check-March-2023.pdf) from PYMNTS, a financial news and analysis platform, and financial services company LendingClub found more than 60% of Americans reported [living paycheck-to-paycheck](https://money.com/americans-living-paycheck-to-paycheck/) in February — and supplemental income may be key in boosting their financial stability. In the new report, PYMNTS and LendingClub combined survey data from roughly 4,000 U.S. consumers in February with analysis of other economic indicators to find out how Americans are using supplemental income to cope with a [rising cost of living](https://money.com/social-security-cola-increase-not-enough/). ## Sources of supplemental income The report breaks down supplemental income sources into active engagement, passive engagement, and aid. Active side-incomes include selling used items and gratuities from additional jobs, while passive income includes sources like [rental properties](https://money.com/how-to-invest-in-real-estate/) and [investments](https://money.com/how-to-invest-in-sp500/). Sources of aid include government benefits and assistance from family and friends. Younger respondents were more likely to have a [side job](https://money.com/job-searches-pay-20-dollars-hour/). Over 35% of Gen-Z and millennial respondents said they have an additional job, compared to 6% of boomers and seniors. Here are some of the most common kinds of supplemental income overall: - Money from a friend or relative - Profits from selling used items - Profits from investments - Bonuses and commissions - Tips and gratuities from side jobs ## Why it’s important Even though [inflation cooled](https://money.com/february-2023-inflation-prices-climbing/) to about 6% last month, [high prices on groceries](https://money.com/saving-money-on-groceries-strategies/), [housing](https://money.com/housing-affordability-lowest-level-in-history/) and other necessities are burning holes in Americans’ bank accounts. As such, more consumers are leaning on side-hustles to get through difficult economic circumstances. The report says a quarter of consumers with supplemental incomes rely on these alternative sources of money to stay afloat. Almost 40% of respondents living paycheck-to-paycheck who struggle to pay bills said their financial standing would “seriously deteriorate” without the padding provided by supplemental income. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/ways-supplement-income-high-inflation/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Career Advice", "item": "https://money.com/career-advice/" }, { "@type": "ListItem", "position": 3, "name": "Self-Employment", "item": "https://money.com/self-employment/" }, { "@type": "ListItem", "position": 4, "name": "Top 5 Ways People Are Getting Extra Income to Cope With Inflation" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/ways-supplement-income-high-inflation/#webpage", "url": "https://money.com/ways-supplement-income-high-inflation/", "name": "Top 5 Ways People Are Getting Extra Income to Cope With Inflation", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2023-03-27T20:59:33.000Z", "mainEntity": { "@id": "https://money.com/ways-supplement-income-high-inflation/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/ways-supplement-income-high-inflation/#breadcrumb" }, "dateModified": "2024-01-10T12:55:38.000Z" }, { "@type": "NewsArticle", "headline": "Top 5 Ways People Are Getting Extra Income to Cope With Inflation", "articleSection": "Career Advice", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2023/03/News-Supplemental-income.jpg", "width": 2880, "height": 1920, "caption": "News-Supplemental-income" } ], "author": [ { "@type": "Person", "name": "Mary Ellen Cagnassola", "url": "https://money.com/author/mary-ellen-cagnassola/", "@id": "https://money.com/author/mary-ellen-cagnassola/#author", "description": "Mary Ellen (M.E.) 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