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…

  • 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 a hope to treat themselves where they can, multiple streams of income and side hustles are even more popular than in years past. Our Finance / Spending Monitor report shows how many 13-39-year-olds currently say they have multiple streams of income:   One third of young consumers have multiple streams of income  Overall, one third of young people (34%) are earning money from multiple streams of income, more than...

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