{"id":221226,"date":"2025-06-28T11:42:09","date_gmt":"2025-06-28T11:42:09","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/221226\/"},"modified":"2025-06-28T11:42:09","modified_gmt":"2025-06-28T11:42:09","slug":"debt-is-a-growing-force-influencing-jobseekers-choices-career-expert-says-heres-how-nbc-bay-area","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/221226\/","title":{"rendered":"Debt is a \u2018growing force\u2019 influencing jobseekers\u2019 choices, career expert says. Here\u2019s how \u2013 NBC Bay Area"},"content":{"rendered":"<ul class=\"wp-block-list\">\n<li>About 38% of survey respondents said they took on a second job to pay their debts, according to a report by Zety, a resume templates site.<\/li>\n<li>Most, or 37%, owe less than $10,000, the site found. About 20% owe up to $25,000 while 10% owe up to $100,000.<\/li>\n<li>While taking on a second job for more income may sound like a solution, consider other steps before you do, experts say.<\/li>\n<\/ul>\n<p>Many Americans are <a href=\"https:\/\/www.cnbc.com\/2025\/04\/02\/most-credit-card-users-carry-debt-pay-over-20percent-interest-fed-report-.html?__source=OTS%7Cfinance%7Cinline%7Cstory%7C&amp;par=OTS&amp;doc=108164666\" target=\"_blank\" rel=\"noopener\">carrying debt<\/a> \u2014 and for some, the liability is influencing their career choices and<a href=\"https:\/\/www.cnbc.com\/2025\/06\/09\/job-market-is-trash-right-now-career-coach-says-heres-why.html?__source=OTS%7Cfinance%7Cinline%7Cstory%7C&amp;par=OTS&amp;doc=108164666\" target=\"_blank\" rel=\"noopener\"> job hunting<\/a> behaviors.<\/p>\n<p>&#8220;Debt is a growing force behind why people take certain jobs, stay in roles longer than they&#8217;d like, or hesitate to make a career pivot,&#8221; said Priya Rathod, a career trends expert at Indeed, a job posting site.<\/p>\n<p>About 38% of survey respondents said they took on a second job to pay their debts, according to a <a href=\"https:\/\/zety.com\/blog\/debt-career-impact-report\" target=\"_blank\" rel=\"noopener\">new report<\/a> by Zety, a resume templates site. A similar share, 37%, said they accepted jobs outside their industry or positions they weren&#8217;t interested in just to repay their outstanding balances.<\/p>\n<p>About 37% owe less than $10,000, the site found. However, about 20% owe up to $25,000 while for 10%, the balance is as high as $100,000.<\/p>\n<p>What types of debt survey respondents have varies. Most, or 71%, said to have credit card debt, per Zety data, while 37% have mortgage debt, 30% have an auto loan and 23% have student loans, among other kinds of debt.<\/p>\n<p>The survey polled 1,005 U.S. employees on April 12.<\/p>\n<p><strong>More from Personal Finance:<\/strong><br \/><a href=\"https:\/\/www.cnbc.com\/2025\/06\/26\/student-loan-default-cliff-coming-as-late-payments-rise.html?__source=OTS%7Cfinance%7Cinline%7Cstory%7C&amp;par=OTS&amp;doc=108164666\" target=\"_blank\" rel=\"noopener\">Student loan borrowers face &#8216;default cliff&#8217; as late payments climb<\/a><br \/><a href=\"https:\/\/www.cnbc.com\/2025\/06\/26\/gop-republican-tax-big-beautiful-bill-immigrants-money.html?__source=OTS%7Cfinance%7Cinline%7Cstory%7C&amp;par=OTS&amp;doc=108164666\" target=\"_blank\" rel=\"noopener\">How the GOP budget bill targets immigrant finances<\/a><br \/><a href=\"https:\/\/www.cnbc.com\/2025\/06\/26\/what-changes-to-fema-aid-may-mean-for-homeowners.html?__source=OTS%7Cfinance%7Cinline%7Cstory%7C&amp;par=OTS&amp;doc=108164666\" target=\"_blank\" rel=\"noopener\">FEMA is not a &#8216;replacement for insurance coverage,&#8217; expert says<\/a><\/p>\n<p>The data shows that surveyed workers may not be earning enough to meet their financial obligations, and in some cases, fund their aspirations, according to Jasmine Escalera, a career expert at Zety.\u00a0<\/p>\n<p>If it weren&#8217;t for their debt, 17% of respondents said they would start a business, go back to school or freelance, per the report.<\/p>\n<p>&#8220;Their financial status is impacting not just them in terms of their work and their 9-to-5, but also those life goals,&#8221; Escalera said.<\/p>\n<p>Second jobs &#8216;driven by necessity&#8217;<\/p>\n<p>When workers begin to search for side hustle or second job, it&#8217;s often because their wages are not keeping up with their cost of living or financial obligations, experts say.\u00a0<\/p>\n<p>About 52% of polled workers said they have a side hustle in order to make ends meet, according to Indeed data provided to CNBC. In mid-May, the site polled 1,256 U.S. adults who are employed full time or part time, or seeking employment.\u00a0<\/p>\n<p>The decision to take on a second job may also <a href=\"https:\/\/www.cnbc.com\/2025\/06\/27\/how-revenge-saving-can-improve-your-finances.html?__source=OTS%7Cfinance%7Cinline%7Cstory%7C&amp;par=OTS&amp;doc=108164666\" target=\"_blank\" rel=\"noopener\">come out of fear<\/a> for the state of the economy, Rathod said.\u00a0<\/p>\n<p>About 46% of respondents said they&#8217;re concerned about being laid off in the next year, so they want to make sure they are able to protect themselves by working side jobs, Indeed found.\u00a0<\/p>\n<p>&#8220;It&#8217;s driven by necessity,&#8221; said Rathod.<\/p>\n<p>But picking up extra work can come with trade-offs, such as feeling burnout or stress, she said.<\/p>\n<p>Growing your income is &#8216;a long-term strategy&#8217;<\/p>\n<p>While taking on a second job for more income may sound like a viable solution to pay down debt, consider asking for a raise or seeking a promotion in your current job first, experts say. If that doesn&#8217;t work, there are other steps to consider, like pivoting to a higher-paying role or new industry.<\/p>\n<p>&#8220;People really need to understand that working more hours is a short-term solution, and growing your main income is a long-term strategy,&#8221; Rathod said.<\/p>\n<p>If you&#8217;re noticing that wage growth is slowing down in your company or industry, it may be difficult to get a raise, said Rathod. Instead, negotiate for parts of your total compensation, such as the flexibility to work hybrid or remote, more stock options, wellness benefits or a stipend for continuing education.<\/p>\n<p>Otherwise, consider applying to a new role that pays more, whether internally or in a new company, or <a href=\"https:\/\/www.cnbc.com\/2025\/06\/11\/unemployed-americans-job-market-charts.html?__source=OTS%7Cfinance%7Cinline%7Cstory%7C&amp;par=OTS&amp;doc=108164666\" target=\"_blank\" rel=\"noopener\">switching <\/a>to a different industry that has better growth prospects, Rathod said. For example, someone who works in sales could apply those skills in a variety of fields, like health care, which is growing.<\/p>\n<p>In May, nearly half of the job growth came from <a href=\"https:\/\/www.cnbc.com\/2025\/06\/13\/white-collar-jobs-are-down-but-dont-blame-ai-yet-economists-say.html?__source=OTS%7Cfinance%7Cinline%7Cstory%7C&amp;par=OTS&amp;doc=108164666\" target=\"_blank\" rel=\"noopener\">health care<\/a>, which added 62,000 jobs, <a href=\"https:\/\/www.bls.gov\/news.release\/pdf\/empsit.pdf\" target=\"_blank\" rel=\"noopener\">according <\/a>to the Bureau of Labor Statistics.<\/p>\n<p>Think about how your skills can transfer to roles in a new sector, or find ways you can &#8220;upskill&#8221; \u2014 to <a href=\"https:\/\/learning.linkedin.com\/resources\/upskilling-and-reskilling\/upskilling-reskilling\" target=\"_blank\" rel=\"noopener\">expand <\/a>your existing abilities, per LinkedIn \u2014 to get your foot in the door, Rathod said.<\/p>\n<p>If you still believe that you need an additional source of income rather than a new role, think about the skills that you already have and what you&#8217;re good at, experts say.\u00a0<\/p>\n<p>Also make sure that the additional hours do not interfere with your primary source of income and other areas of your life, Escalera said.<\/p>\n","protected":false},"excerpt":{"rendered":"About 38% of survey respondents said they took on a second job to pay their debts, according to&hellip;\n","protected":false},"author":2,"featured_media":221227,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3092],"tags":[51,897,12,16,15],"class_list":{"0":"post-221226","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jobs","8":"tag-business","9":"tag-jobs","10":"tag-news","11":"tag-uk","12":"tag-united-kingdom"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/221226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=221226"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/221226\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/221227"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=221226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=221226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=221226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}