"While it's not unusual for young people to work multiple jobs through college and early in their career, Gen Zers are stacking jobs on top of jobs as a way to DIY their own careers. (One Gen Zer, Carissa Ferguson, says she's earned more than $144,0000 selling voiceovers, content creation, and copywriting on Fiverr's platform.) Of those surveyed, 67% said that multiple streams of income were essential for a sense of financial security."
"Cue income stacking. "Gen Z is watching the single-paycheck model wobble, and instead of waiting for it to steady, they're building safety nets of their own design," Michelle Baltrusitis, Fiverr's associate director of community and social impact, told Fast Company. "Income stacking is their response to a volatile economy-a way to diversify risk and create stability on their own terms.""
"The rising cost of living is just one part of the picture. Gen Z also isn't buying into what they see as a broken social contract, where a linear path up the career ladder is seen as the most reliable route to success and financial stability. It's also a generation in which freelance employment has been modeled in the form of influencers, content creators and podcasters online."
Young professionals increasingly adopt income stacking—multiple income streams such as freelancing, gig work, and creator services—to cope with unstable job markets and rising living costs. A Fiverr Next Gen of Work survey of over 12,000 Gen Z and Gen Alpha respondents across the U.S., U.K., France, and Germany found 46% of Gen Z fear not earning enough to live comfortably and 67% view multiple income streams as essential for financial security. Thirty-eight percent already freelance or plan to, with an average starting age of 19. Many reject a linear career ladder and model freelance paths on creators and influencers.
Read at Fast Company
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