Connect with us

Hi, what are you looking for?


Millions of Brits need extra money to get by and scrambling to find additional sources of income

As the cost of living crisis continues, over 30m Brits have been forced to seek an additional source of income due to the pinch on their finances.

Shockingly, this is a staggering 65 increase in just four months, since February this year, according to new research.

Younger people are most keen to secure new income streams with 85 per cent of 16–24-year-olds having secured or seeking additional avenues of earning, closely followed by 81 per cent of 25–34-year-olds, the research by Avon found. In addition,

The top things people are using these additional sources of income to fund include essentials such as paying bills (a third) and supporting with paying rent or mortgages (just over a fifth).

However, interestingly, over a quarter of Brits (28 per cent) are also using these funds to still afford luxuries such as going on holiday (20 per cent), treating their children (22 per cent) and buying beauty products (12 per cent).

Despite this, some non-essential items have taken a hit, with nearly a quarter (21 per cent) of Brits have said goodbye to premium products, in favour of better value alternatives.

“Whilst people are continuing to feel the pinch, entrepreneurial Brits are finding ways to make up the financial shortfall, not least to help them afford essential items, but also enable them to continue funding life’s little luxuries,” said Tracey Powers, Head of Sales for Avon UK.

Powers added that “the aftermath of the pandemic, where flexible working really took off, and current cost of living crisis have made many rethink their working lives and reassess what matters to them.”

Read more:
Millions of Brits need extra money to get by and scrambling to find additional sources of income

You May Also Like


The head of the International Monetary Fund has warned of increased risks to the stability of the financial system after weeks of banking sector...


After taking a breather in the week before this one, the Indian equity markets resumed their up move. The headline index continued with its...


It was supposed to be a debacle. As the Second World War drew to a close, the nation’s leading economists feared that, once the...


Small businesses are bringing forward their finance applications in order to beat expected further interest rate rises, according to new research. Four-in-ten (44%) SME...

Dislaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2023 | All Rights Reserved