Top Side Hustles for Gen Z: Building Skills for Future Careers
Side Hustles: The New Career Training Ground for Gen Z
Source: HRO Today
Overview
According to Quicken’s recent survey, a significant number of Americans, especially from Generation Z, are engaging in side hustles not merely for extra income but as a vital means to acquire new skills and achieve professional growth.
Key Findings
- Skills Development: 18% of Americans with side hustles view them as opportunities to build skills, with this figure rising to 44% among Gen Z.
- Desire for Independence: 72% of multi-job holders prefer the flexibility and autonomy of side hustles over traditional employment.
- Happiness from Variety: 73% of those favoring self-employment express greater happiness juggling multiple roles than committing to one job.
Career Transition
- Dream of Full-Time Transition: 40% of side hustlers aspire to leave their full-time jobs to focus solely on their secondary income sources.
- Secrecy in Employment: Approximately 50% of these individuals choose not to inform their primary employers about their side ventures.
Financial Benefits
- Increased Financial Security: 72% report feeling more secure financially due to their side work.
- Reduced Financial Stress: 67% indicate that side hustles help lower stress associated with financial instability.
- Improved Living Conditions: 68% of respondents no longer live paycheck to paycheck, thanks to the added income.
Conclusion
In an evolving job market shaped by economic shifts and layoffs, side hustles have become an essential pathway for many, particularly Gen Z. These entrepreneurial pursuits not only foster skill development but also promote greater financial independence and personal fulfillment.
