The share who said they were looking for supplementary income over the coming 12 months as a result of inflation rose 7 percentage points to 64%.
“Economic uncertainty continues to motivate Canadians to search for ways to supplement their income beyond traditional means,” said Peter Maddox, president of DSA Canada. “When comparing year-over-year data, the research reflects the fact that the lessening of COVID-related restrictions has introduced new economic challenges and created a need for people to enhance their income.”
Gig economy
Among the ways that Canadians are generating extra income are participating in the gig economy, taking an independent sales-based role, or starting their own small business.
“The economy is changing,” continued Maddox. “As a positive, many people, especially younger Canadians, are looking for flexibility and work-life balance as they earn, and this is being made possible by technology and market-innovation. People are finding ways to participate in entrepreneurial activity, such as direct selling, in a manner that suits them”.
