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South Africans taking up two jobs to make ends meet

11 July 2017 8:33 AM
Tags:
Old Mutual Savings and Investment Monitor

This is according to the Old Mutual 2017 Savings and Investment Monitor which looks into saving and investment behaviour.

Thirty-seven percent of people are working two or more jobs in-order to make ends meet.

This is according to the Old Mutual 2017 Savings and Investment Monitor which looks into the saving and investment behaviour of working South Africans in the metros.

Research manager at Old Mutual, Lynette Nicholson, says they did face-to-face interviews at 1 000 households and a booster sample was done on 950 individuals online.

The survey found that those doing more than two jobs are people who are slightly privileged.

Middle income people to upper income earners are more likely to be slashers.

Lynette Nicholson, Research manager at Old Mutual

Slashers are individuals working more than one job - for example event planner/tutor.

She says people in the lower income brackets don't have time for second jobs because they spend more hours at work and more time getting travelling to work.

According to the survey, about 13% of people stated that their second job was similar to what they do daily. For example, a chartered accountant who helps friends for a fee with their personal finances.

About 24% said that they did something totally different to their main job, for example, a communication manager by day and a yoga instructor by night.

To hear more of this interview, listen below:


11 July 2017 8:33 AM
Tags:
Old Mutual Savings and Investment Monitor