Dog walking has become one of the most popular ways for Brits to earn extra cash, according to new research.
Commissioned by Oddsmonkey, the information revealed that Brits are using ‘side hustles’ such as dog walking and renting out the spare room to help cover the cost of living.
As the annual inflation rate doubled from 1.2 percent to 3.1 percent in the past year1, the average monthly wage of £1538.97 is not enough to cover the cost of living for almost a quarter of Brits (24 percent).
Because of this, 25 percent of working employees have resorted to a ‘side hustle’ to earn extra money with 36 percent of those having three or more ways of making extra cash.
One in three ‘side hustlers’ use dog walking as a way to earn extra money taking home on average an extra £2,592 each year on top of their salary.
Over a third (34 percent) say dog walking is more fulfilling than their full-time job, and almost four in ten (39 percent) Brits wish it could be their main job.
The study discovered the majority of Brits are concerned with being unable to cover the cost of their bills (48 percent) and their rent/mortgage (28 percent), and therefore adopt a side hustle to earn extra cash.
Peter Watton, spokesman for Oddsmonkey comments on the research: “With the constantly increasing cost of living, we were hardly surprised that Brits are having to take up side hustles in order to earn themselves some extra cash.
“While it is great that Brits are using their passions to earn extra income, it is important to remember to declare any income over £1000 to ensure you don’t get in trouble with the tax man!”