Chapter 10 Side Hustles as a Student Loan Debt Solution
Economic Context of Student Loans
Student loan debt levels have skyrocketed in the past two decades, creating decreased economic stability for recent generations post-graduation.1 The increase in student loan debt has caused correlated decreases in family formation, marriage, retirement savings, home buying, and several other formative adulthood activities, leading young professionals to look for ways to reduce the debt load beyond what full-time employment income can provide. Supplemental income generated by side hustles, even at the cost of full-time job productivity, relieves a debt burden that prevents millennials from advancing other areas of their ...
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