Summary
Gen Z is increasingly taking on side jobs to supplement their income as they face challenges with traditional career paths in today's uncertain economy. Over half of Gen Z have side gigs, marking them as the first generation to widely adopt this approach. This trend is fueled by economic uncertainty and advances in technology that make it simpler to monetize skills.
Key Facts
- Over 57% of Gen Z have a side gig, compared to 21% of older generations.
- Many young people feel disillusioned with traditional career growth opportunities.
- Side gigs include retail work and gig jobs, often done for extra money or to pursue personal interests.
- Advances in tech, especially AI, help people turn skills into income more easily.
- Recent graduates are finding it tough to get jobs, and those employed aren't seeing expected career progress.
- The financial optimism among college students is at its lowest since 2018 due to job concerns and AI-related layoffs.
- Despite the side hustle trend, many young people still aim for traditional career advancement.
- Two-thirds of adults under 34 have attempted entrepreneurial ventures.
