Unrelenting inflation forces more Americans to consider getting a second job HEAD TOPICS

Unrelenting inflation forces more Americans to consider getting a second job

10/22/2022 1:30:00 AM

Unrelenting inflation forces more Americans to consider getting a second job

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FOX Business

Unrelenting inflation forces more Americans to consider getting a second job Painfully high inflation is forcing more Americans to consider working multiple jobs as the cost of basic necessities like food and rent surges higher. A shopper looks at organic produce at a supermarket in Montebello, Calif., Aug. 23, 2022.(Federic J. Brown/AFP via Getty Images / Getty Images)In an even more concerning development that suggests underlyinginflationary pressuresin the economy remain strong, core prices, which strip out the more volatile measurements of food and energy, climbed 0.6% in September from the previous month. From the same time last year, core prices jumped 6.6%, the fastest since 1982.  Inflation has created severe financial pressures for most U.S. households, which are forced to pay more for everyday necessities like food and rent. The burden is disproportionately borne by low-income Americans, whose already-stretched paychecks are heavily impacted by price fluctuations.  Read more:
FOX Business » Inflation forces over half of Americans to consider second jobs Inflation is pushing half of Americans to consider second jobs At American Airlines, First Class Out, Business Class In for International Trips A new poll reveals Americans are stressed out by inflation, violence and politics

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The U.K. government has introduced new legal measures that would regulate crypto ads and ban unauthorized crypto providers from offering services. CoinDesk Regulatory Reporter Jack Schickler discusses what this means for the crypto industry. Plus, the impact of Liz Truss' resignation on the broader market. Read more >> Inflation forces over half of Americans to consider second jobsAbout 38% of workers have looked for a second job, while an additional 14% have plans to do so, according to a survey of more than 1,000 full-time U.S. employees. US is the ghetto Like it’s a bad thing? I remember my grandfather, my father and myself doing it years ago, it’s called work ethic, gaining experience and building up wealth through work/labor vs taking a handout should be applauded Inflation is pushing half of Americans to consider second jobsStubbornly high inflation is pushing more than half of American workers to consider taking a second job, according to a new study from technology company Qualtrics. Thank you JoeBiden !! BidenWorstPresidentEver Bidenflation The effects of liberal policies are pushing more than half of American workers to consider taking a second job. Fixed it. At American Airlines, First Class Out, Business Class In for International TripsAmerican Airlines is replacing its first-class seats on international flights with new business-class suites called “Flagship Suites,” which include seats that lie flat and sliding doors for privacy Finally I can get my freak on with some privacy from the weirdos looking in. Turkish Airlines have those seats already So regular people get blood clot seats A new poll reveals Americans are stressed out by inflation, violence and politicsA majority of Americans are stressed out by inflation, violence and the political state of the country, according to a new poll by the American Psychological Association. You forgot to mention how frigging pissed we are about how corrupt our government is especially the FDA, CDC AND NIH...ALL NEED TO BE GONE INCLUDING THE PEOPLE...USELESS CORRUPT LIERS Andy Dick Jailed for Allegedly Stealing Power Tools From a GarageA week ago, Andy Dick posted a couple of videos that showed him meandering around an under-construction property, saying “this is my new house” as he lit the vacant lot’s fireplaces and explored the rooms with another unidentified person. Liberals gonna liberal. Did three men in two pickup trucks chase him down on the street and shoot him to death? Fewer Americans apply for jobless benefits last weekThe number of Americans applying for unemployment benefits fell last week and remains historically low even as the U.S. economy slows in the midst of decades-high inflation. Migrants would like to work in the US and then go back home but our current system doesn’t allow that. It needs to be fixed. as it seeks to cool price gains and tame consumer demand with an aggressive interest rate hike campaign.Copied! Print More than half of working Americans have considered holding multiple jobs to pay their living expenses as inflation remained stubbornly high in September and real wages fell.These side hustles can help people earn money and beat inflation "With budgets tightening, workers are searching for ways to meet the rising cost of living, including finding new jobs," said Qualtrics chief workplace psychologist Dr.Oct.   A shopper looks at organic produce at a supermarket in Montebello, Calif., Aug.S. 23, 2022. About 7 in 10 working parents said their pay isn't keeping up with the cost of living. (Federic J. At the same time, 18% of working adults said they had moved to an area with a lower cost of living to cut expenses, and an additional 13% plan to do so. Brown/AFP via Getty Images / Getty Images) In an even more concerning development that suggests underlying inflationary pressures in the economy remain strong, core prices, which strip out the more volatile measurements of food and energy, climbed 0. 6% in September from the previous month. About 70% say their pay isn’t keeping up with rising expenses. For instance, a key measure of price increases hit a 40-year high last month, with core inflation rising to 6. From the same time last year, core prices jumped 6.6%, the fastest since 1982. Nearly half of working parents have looked for a second job, and parents are almost twice as likely to have moved to cheaper cities than employees without children.  Inflation has created severe financial pressures for most U. Almost 6 in 10 want the chance to work overtime or extra shifts, while about 4 in 10 have searched for a new job with higher pay.S. “Employee turnover is a huge cost for companies, so it’s business critical for organizations to understand which of their employees are likely to leave and why. households, which are forced to pay more for everyday necessities like food and rent.  The burden is disproportionately borne by low-income Americans, whose already-stretched paychecks are heavily impacted by price fluctuations. For many office workers, however, work-from-home arrangements have opened up novel opportunities to make extra money on the side.  But accruing credit card debt carries more financial risks than a year ago.  Although households continued to see some reprieve last month in the form of lower gas prices , which fell 4.9% in September from the previous month, other price gains proved persistent and stubbornly high. Column: The big contributors to inflation you’re not hearing about: profiteering corporations Corporations are raising prices at the fastest rate since 1955, driving inflation higher.  The cost of groceries climbed 0. Trending News. 7%, putting the 12-month increase at 13%. Last week, Business Insider reported that Equifax fired two dozen employees for having second full-time jobs. Consumers paid more for items like cereal, chicken, milk and fresh vegetables. Job seekers visit booths during the Spring Job Fair at the Las Vegas Convention Center April 15, 2022. For Jordan Parker, 28, skyrocketing rent, food and gas costs have made it virtually impossible to build a nest egg, even with a relatively well-paying 9-to-5 marketing job in San Antonio. (K.M. “It’s put me in this position of recognizing, wait a minute, I can’t afford — even on a good full-time salary — I cannot actually save to set myself up in my 30s to live the life that I dream about. Cannon/Las Vegas Review-Journal / Getty Images) CLICK HERE TO READ MORE ON FOX BUSINESS Shelter costs, which account for about 40% of the core inflation increase, climbed 6.6% over the past year, the fastest since February 1991. “I know that not everyone can get what they ask for in that regard,” she said.  Rent costs jumped 0.8% over the month and 6.’”.7% on an annual basis. Rising rents are a concerning development because higher housing costs most directly and acutely affect household budgets. Another data point that measures how much homeowners would pay in equivalent rent if they had not bought their home climbed 0.8% in September from the previous month.  Markets .