Top Ways Young People Are Earning Money Today: Report
Starting one's own business tops the poll, with 35%, followed by YouTubing and trading at 34.4% & 25% respectively
In this rapidly changing world, the avenues for earning money have surpassed the traditional ways of earning money and making a secure career path for oneself. The people are exploring unconventional and unique routes leading to financial success. The changing dynamics of earning money are prompting young individuals to adopt innovative and creative approaches to achieve financial independence. With the rise of the digital economy, opportunities have expanded beyond traditional 9-to-5 jobs allowing individuals to take on short-term contracts or freelancing gigs. This flexibility enables people to work on their terms and often leads to higher earnings compared to traditional employment.
In a poll posted by one of the users on Hunch, a new-age social discovery app, asking a very relevant question for today’s time- What is the most convenient way of earning money? Reveals the path many youngsters are following to make money. Starting one's own business tops the poll, with 35 per cent of the 13.1k Gen-Z voters on the poll recognizing entrepreneurship as a viable path to financial freedom. Becoming a Youtuber also emerged as a popular choice among the Hunchers with 34.4 per cent of them considering it as a convenient way of earning. This highlights the growing influence of digital media and the potential for content creators to monetize their passion and creativity.
The next most chosen path was “Trading” with a significant vote share of 25.1 per cent, reflecting the increasing accessibility of financial markets and the opportunities they offer for those with a strategic mindset and a willingness to take calculated risks. With 5.6 per cent of the vote share, becoming an IPS stood last as the least preferred choice for gaining financial independence and stability
The user-generated poll on Hunch defined the newly developing ways Gen-Z are - opting to earn money. Whether through content creation, entrepreneurship, trading, or public service, there is no shortage of paths to pursue one's ambitions and secure a prosperous future.
