Many younger Americans are quitting their full-time roles and taking up gig work to make ends meet.
A higher percentage of Gen Z and millennial workers are making $2,500 or more a month in gig work when compared to Gen X and baby boomers in similar positions, a new TransUnion study of nearly 1,000 adults found. 45% of Gen Z and 44% of millennials are making this amount monthly after considering expenses, compared to 36% of millennials and 30% of boomers.
Older generations were overrepresented among those earning less than $1,000 per month, given they were much less likely to note that gig work is their primary income source.
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