More than half of Gen Z has a side hustle, with 57% participating compared to only 21% of boomers, according to a Fortune-Harris Poll. Young professionals are turning to side hustles and investing, viewing the 9-to-5 job as less essential for financial success.

Gen Z treats side hustles as potential full-time careers, aiming to replace traditional jobs with income from their additional ventures. This shift in perspective reflects a desire for flexibility and financial independence among younger generations.

Side hustles offer Gen Z more control over their income and success, allowing diversification of revenue streams and reducing vulnerability to layoffs. The rise of side gigs may address financial needs but also highlights issues like credit card debt among consumers.

The embrace of side hustles gives Gen Z more options but also reveals growing financial concerns, with over 10% of consumers not meeting minimum credit card payments. Even high-income earners struggle with expenses, indicating a need for additional income sources like side hustles to cover bills.

Read more at Yahoo Finance: More Than Half Of Gen Z Has A Side Hustle As 9-To-5 Jobs Lose Popularity