key takeaways
- Fiverr’s Next Gen of Work survey found that many Gen Z professionals rely on “income stacking” for financial security.
- Carissa Ferguson’s work on stage has earned her over $144,000 as she pursues a career in musical theater.
As Gen Z and young millennial professionals grapple rising costs And wages that have lagged behind are getting creative to make ends meet.
The new Next Gen of Work survey from the freelance services marketplace fiver Turns out that 46% of Gen Z’s biggest career fear is not making enough money to live comfortably – and “income stacking”, or setting up multiple earning streams, is a popular way to deal with it.
RELATED: I Made Over $200,000 in One Year With My Freelancing Business These are three things I did to move forward.
“Facing economic uncertainty, Gen Z is experiencing what we’re calling ‘single-paycheck panic’ — they’re diversifying income streams because relying on one job feels too risky,” said Michelle Baltrusaitis, Fiverr’s associate director of community and social impact.
67 percent of Gen Z surveyed said having multiple ways to make money is essential to financial security, and 38% were already freelancing or planning to start. Another 56% claimed that traditional employment will become obsolete in the future.
RELATED: ‘Are we all doomed?’ Fiverr’s CEO says AI is definitely taking over your job. Here’s what to do about it.
Gen Z Fiverr user Carissa Ferguson found significant success by diversifying her income streams on the platform. Ferguson is a New York-based musical theater artist who has made over $144,000 selling voiceovers, content creation, and copywriting on Fiverr.
“Having multiple sources of income means I never have to turn down an acting or creative opportunity because I’m worried about paying the rent,” Ferguson explained. “I can pack up my laptop and keep my revenue streams going from anywhere. It’s a freedom most traditional employees will never experience.”
What’s more, Gen Alpha was included in Fiver’s survey for the first time – and they’re ready to work for themselves, too.
Of the more than 4,500 13- to 15-year-olds surveyed, 31% said they wanted to freelance, and 30% said social media had made them aware of different career paths, with AI-related, influencer marketing and user-generated content positions emerging as some of the most desirable.
RELATED: Gen Alpha’s Side Hustle It may be hard to believe this statistic – but it means major purchasing power. Here’s what kids want to buy.
Check out Fiverr’s infographic below for more information:
key takeaways
- Fiverr’s Next Gen of Work survey found that many Gen Z professionals rely on “income stacking” for financial security.
- Carissa Ferguson’s work on stage has earned her over $144,000 as she pursues a career in musical theater.
As Gen Z and young millennial professionals grapple rising costs And wages that have lagged behind are getting creative to make ends meet.
The new Next Gen of Work survey from the freelance services marketplace fiver Turns out that 46% of Gen Z’s biggest career fear is not making enough money to live comfortably – and “income stacking”, or setting up multiple earning streams, is a popular way to deal with it.
RELATED: I Made Over $200,000 in One Year With My Freelancing Business These are three things I did to move forward.
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