According to recent Federal Reserve research based upon U.S. Bureau of Labor Statistics, more people are working multiple jobs than any time since 1994. There’s a reported 8.6 million people now working two or more jobs trying to make ends meet.
Given inflation rose sharply during the peak of the coronavirus pandemic in March 2022, people found themselves forced to taking multiple jobs, according to economists.
Many people found themselves ‘cost-burdened’ due to rising rents, grocery bills, energy costs and rising healthcare. Reports out of Florida had rents rising from 30-47% from 2021 to 2022.
There are secondary outcomes other than inflation. Second jobs have led to many people experiencing health issues like stress, insomnia, fatigue, anxiety, high blood pressure, obesity and strokes.
For those needing to work a second job to make ends meet, it’s important for people to understand the importance of recovery. People can replenish their energy by getting adequate sleep, maintaining their social activity and basically detaching themselves from work.
Many younger adults even found themselves having to move back home with their parents. To get through this rough patch in the economy, it’s best to focus on being grateful for your family and friends and your health.
As our tenured Senior Vice President, Debbie Tweedy, has always said…….”this too shall pass.”
About The PM Group: Founded in 1988 by our CEO/Founder/Media Director Bob Wills, The PM Group is now celebrating its 36th year in business. The agency continues its stellar growth and is San Antonio’s largest advertising agency under the leadership of Agency President and COO Fran Yanity. The agency’s client roster spans numerous industries including financial, casual dining, cultural organizations, home services, automotive, CPG, entertainment, sports marketing, legal, business services, non-profit, real estate and fitness. For the past five consecutive years, the agency has set annual year-over-year revenue records with the addition of new clients and organic growth of existing clients. Additionally, the agency continues its legacy of annual charitable giving by orchestrating fundraising events for local nonprofit organizations. The PM Group now raises approximately $2M annually, bringing our total charitable contributions to over $16M for the past 10 years.
