What is a Multi-income individual?
A Multi-income individual, or Mii for short, is anyone who has more than one income stream.
People can earn a secondary income in a multitude of ways – from Airbnb hosts and bartenders to eBay sellers and film extras, as well as becoming a UW Partner.
Did you know, there are 15 million more people earning a side income in 2023 than in 2017.
Multi-income Individuals in the UK are earning almost £10,000 a year through their additional ventures, a new report has unveiled. The new figures, that form part of a report from and Cebr, show there are over 20 million multi-income individuals (Miis) in the UK representing more than one in three of the adult population. They are thought to be earning an extra £780 on average per month.
However, the report from UW and Cebr found that almost a quarter (23 percent) said they don’t talk about their additional income with family or friends in case they assume they are struggling with money.
Despite this, Miis are helping to boost the UK economy and last year spent £55billion of their extra income on UK businesses – supporting more than 364,000 jobs to deliver a £30billion boost to the nation’s coffers.
Reasons for earning an additional source of income vary, but the crisis and rising household bills are the main factors, 35 percent and 34 percent respectively, while 18 percent of people cited the COVID-19 pandemic, 15 percent cited fear of a recession and eight percent cited Brexit.
So what’s your reason for becoming a Mii?
Pop your details into the form below and we’ll send you all the information you need which explains how easy it is to become a Mii and will show you how much you could earn each month just for investing a few spare hours each week.