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Meanwhile, part-time employment has fallen at its fastest rate in at least 30 years during the crisis, with the share of women working part-time at its lowest since records began.
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Some forms of passive income are not taxed at all. If you, for instance, earn thousands of dollars renting out your personal residence for up to 14 days a year, that income is tax free. (Beware, though: If you rent out your home for even one more day, all that otherwise tax-free income gets thrown into the taxable column.)
Shelly Steward of the Aspen Institute’s Future of Work initiative said these conversations are happening across employment sectors – not just in corporate spaces. While some Americans may have turned to gig work over the past year because they didn’t have any other options, she said these jobs often pay low wages and do not offer benefits such as health care, highlighting the “importance of a widespread safety net.”
Set up automatic transfers.
Several banks and apps offer programs that automatically round up purchases and save the change. "Those are all good, painless ways to save money," Hill says. Bank of America customers can enroll their debit card in the Keep the Change program. It rounds up purchase prices to the nearest dollar and transfers the change from a checking to savings account automatically. The app Acorns works in a similar way except that it invests the change in an investment portfolio or IRA. The basic Acorns service costs $1 a month. However, customers can get access to an IRA for $2 a month or add a checking account for $3 a month.
Writing. Being able to write is a great way to make money online. Written communication is important for businesses. You can find jobs writing for blogs, gossip sites, online journals and business websites, just to name a few.
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