It’s more middle- to upper-income people who are slashers.— Lynette Nicholson, Old Mutual
Many people said they wanted to do something they’re passionate about.— Lynette Nicholson, Old Mutual
In Nigeria more than 50% to 60% of people working are slashers.— Lynette Nicholson, Old Mutual
More and more of us are making ends meet by becoming “slashers”, according to the 2017 Old Mutual Savings and Investment Monitor survey.
The term “slasher” refers to someone with more than one regular source of income.
943 people took part in the survey.
Here are some of the findings:
24% of those interviewed were true slashers (i.e. their jobs were unrelated)
13% had a secondary job related to their primary one
53% of respondents would prefer to make a career of their secondary job
63% enjoy being a slasher
- Having more than one job can negatively impact on family life, as indicated by 17% of respondents
Nicholson discussed the survey and this growing trend.
Listen to the interview in the audio below (and/or scroll down for more quotes from it).
There is no industry or age skew.— Lynette Nicholson, Old Mutual
Lower income earners are less likely to have the time to have two jobs.— Lynette Nicholson, Old Mutual
The issue of job security came up as well.— Lynette Nicholson, Old Mutual
Millennials are more confident about what they can and can’t do.— Lynette Nicholson, Old Mutual
Between 8% and 12% of South Africans are self-employed. That’s very low.— Lynette Nicholson, Old Mutual
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