article

These Are the Ways Young People Are Making Multiple Streams of Income

Gen Z and Millennials having side hustles is even more common than last year, and this is what they’re doing to increase their income…

Written and Edited by the YPulse Editorial Team

Apr 3 2023
North America

KEY TAKEAWAYS

A third of Gen Z and Millennials are making multiple streams of income
And besides the obvious reason of needing extra money right now, they’re also trying to have budget for things they want and their long-term savings
While traditional side hustles like investments are still the most common, content creation is a popular for these gens

Gen Z and Millennials are always looking for ways to increase their income—whether through job hopping for better salaries or picking up a side hustle. In fact, social media has helped normalize having multiple streams of income as creators share all their tips and tricks for having a side hustle. And of course, these gens also aren’t afraid to admit they need the money. This year especially YPulse data shows young consumers have been hit hard with the impacts of inflation and the ambiguous “recession” threat (45% say it’s already underway). So, with so many bills to balance, and still...