Question of the Day: What percent of Gen Z report having a "side hustle" (a.k.a. participate in the gig economy)?
As you think about your friends and family, do most have some sort of side hustle going on?
- What are examples of jobs within the gig economy?
- Would you ever consider a gig economy job? Describe the type of role that you would be interested in.
- Why do you think so many workers have side hustles?
Click here for the ready-to-go slides that you can use in your classroom.
Behind the numbers (Zapier):
Gen Z (ages 18-25) and Millennials (ages 26-41) are more likely than Gen X (ages 42-57) and Boomers (ages 58-76) to say that they currently have a side hustle (59% & 61% vs. 36% & 22%) and that they have started or plan to start a side hustle in 2022 (60% & 55% vs. 35% & 13%)...Gen Z spends fewer hours per week, on average, working their side hustle compared to Millennials and Gen X (10.5 hours vs. 14.1 hours & 14.9 hours). Gen Z makes roughly the same amount annually from their side hustle, on average, compared to Gen X ($9,537 vs. $9,628).
Want to experience what it's like to have one of the more popular gig economy jobs? Find out with this Uber driver simulation.
About the Author
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
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