Income stacking: Not-so-new practice could help with money management

As financial instability and economic insecurities become greater concerns, many younger Americans are partaking in income stacking.

The term, popularized by Gen Z employees on social media platforms, refers to acquiring two or more jobs to afford the rising cost of living, according to a news article from The Week. Experts cited in the article noted this may include side hustles, freelance work or multiple part-time positions to cover basic expenses, pay off student loan debt, avoid the traditional linear path to career advancement and build financial stability and wealth. Individuals who practice income stacking have also reported gaining diverse skill sets and job experience to expand future employment opportunities.

The experts indicated that individuals weighing the benefits and risks of income stacking should determine whether they have the time and energy to take on another responsibility as well as establish clear goals and time frames.

Read more: The Week

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