Seven in ten US households now rely on a second income to cover basic bills, according to new survey data, underscoring how the cost-of-living squeeze has reshaped family finances. The figure reflects a combination of second jobs, side hustles, gig work and contributions from additional household members. Rising housing, food and insurance costs have outpaced wage growth for many families, making a single income insufficient to cover essentials. The trend is most pronounced among younger households and those in high-cost metropolitan areas. Financial advisers say the reliance on second incomes leaves families vulnerable if that extra work dries up, and advise building emergency savings where possible. The data also shows growth in gig and freelance work as a supplement to traditional employment, with many workers turning to delivery, rideshare and online selling to make ends meet. Economists note that while second incomes help households stay afloat, they also mask underlying pressures on wages and affordability.
Related reading: PSLF Buyback Backlog Hits 82,000 as Teachers Wait Months and Student Loan Collections Delayed Again as Borrowers Wait
