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Extra Work to Supplement Income Leads More Than Half of Brazilians to Some Type of Informal Service.
Extra work was one of the ways Brazilians found to try to balance their finances at the end of the month. The market and the economy show signs of recovery, but slowly. In the first six months of 2018, 64.4% of professionals adopted this strategy as a way to generate extra income to supplement their salary at the end of the month. This figure represents an increase in the demand for this type of income compared to the year 2017, which was a percentage of 57.4%. These data are from SPC Brazil – Credit Protection Service and the National Confederation of Shopkeepers.
the strategy as a way to generate extra income to supplement their salary at the end of the month. This figure represents an increase in the demand for this type of income compared to the year 2017, which was a percentage of 57.4%. These data are from SPC Brazil – Credit Protection Service and the National Confederation of Shopkeepers.
The old and famous “side hustle” has gained followers over the past few years, motivated by the significant economic crisis. This type of work is much more common among lower-income families, as they are already living “tight” financially. The search and choice for various types of side jobs is much more common among the poorer classes, and translating into numbers, this represents 70% of this part of the population, according to Marcela Kawauti, chief economist at SPC Brazil.
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With a very high unemployment rate, even though the economy had a slight improvement in 2017, workers found themselves in need of seeking additional income. Such action in the market shows that Brazilians still do not see, or do not believe, in this so-called improvement in the economy. The dependence solely on a formal paycheck in the country has become a significant doubt and a dangerous condition for a large part of the population in Brazil. Sitting idly and waiting for formal employment to return is no longer seen as something “safe,” and, like for most people worldwide, bills need to be paid and keep coming.
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