Close Menu
Global News HQ
    What's Hot

    The 5 Best Stocks to Buy With $5,000 | The Motley Fool

    June 28, 2025

    Kenzo Spring 2026 Menswear Collection

    June 28, 2025

    XRP spikes 3% after Garlinghouse says Ripple dropping SEC cross-appeal

    June 28, 2025
    Recent Posts
    • The 5 Best Stocks to Buy With $5,000 | The Motley Fool
    • Kenzo Spring 2026 Menswear Collection
    • XRP spikes 3% after Garlinghouse says Ripple dropping SEC cross-appeal
    • 10 Outdated Travel Items It’s Time to Toss—and What to Replace Them With, From $13
    • PwC to cut 175 junior auditors amid slowdown
    Facebook X (Twitter) Instagram YouTube TikTok
    Trending
    • The 5 Best Stocks to Buy With $5,000 | The Motley Fool
    • Kenzo Spring 2026 Menswear Collection
    • XRP spikes 3% after Garlinghouse says Ripple dropping SEC cross-appeal
    • 10 Outdated Travel Items It’s Time to Toss—and What to Replace Them With, From $13
    • PwC to cut 175 junior auditors amid slowdown
    • Are You Approachable at Work? Tips for Building Better Connections
    • Lung Cancer Doctors, Nurses, Therapists, and More: Your Metastatic Non-Small Cell Lung Cancer Team
    • Hurry, Amazon’s Early Prime Day Deals Include 50% Off Top Outdoor Power Equipment
    Global News HQ
    • Technology & Gadgets
    • Travel & Tourism (Luxury)
    • Health & Wellness (Specialized)
    • Home Improvement & Remodeling
    • Luxury Goods & Services
    • Home
    • Finance & Investment
    • Insurance
    • Legal
    • Real Estate
    • More
      • Cryptocurrency & Blockchain
      • E-commerce & Retail
      • Business & Entrepreneurship
      • Automotive (Car Deals & Maintenance)
    Global News HQ
    Home - Business & Entrepreneurship - Gen Alpha’s Side Hustles and $11.3 Billion Spending Power | Entrepreneur
    Business & Entrepreneurship

    Gen Alpha’s Side Hustles and $11.3 Billion Spending Power | Entrepreneur

    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Gen Alpha’s Side Hustles and .3 Billion Spending Power | Entrepreneur
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Americans can’t get enough of side hustles — the gigs allowing them to earn extra cash outside of their 9-5 jobs — and young entrepreneurs are especially keen to start their own. These days, 44% of millennials and 48% of Gen Z have a side hustle, according to Bankrate’s Side Hustles Survey.

    However, millennial and Gen Z side hustlers are no longer the newest on the scene: Gen Alpha, born between 2010 and 2024, might be between the ages of 1 and 14, but many of them are already taking control of their financial futures.

    Related: Move Over Boomers and Millennials — Here’s How Gen Alpha’s Top Entrepreneurs Are Printing Money

    A staggering 69% of Gen Alpha say they’ve started or plan to start a side hustle, according to the Acorns Money Matters Report™ for Kids.

    Acorns’ report, which surveyed more than 60,000 6-to-14-year-olds and 2,000 of their parents, explores Gen Alpha’s financial planning — and their parents’ own financial concerns.

    An “economic powerhouse” with an estimated $11.3 billion spending power, Gen Alpha is getting proactive about their personal finances: They’re planning or starting side hustles to earn additional spending money (58%) or save funds for the future (31%), the report found.

    Related: ‘My Schedule Is Mayhem’: Nearly 50% of Parents Now Have Side Hustles, According to a New Survey

    “It’s encouraging to see how mindful Gen Alpha already is about financial security,” Acorns CEO Noah Kerner says.

    What exactly are these young side hustlers saving for? According to the report, 19% are already saving for college, 24% for their first car, 11% for their first home and 6% for their retirement.

    What’s more, Gen Alpha’s parents might be contributing to their children’s money mentalities.

    Most kids and teens aged 10 to 14 (63%) hear their parents talk about money often, and among children in that age group who associate stress with money, more than three-quarters of their parents report feeling the same way, Acorns’ research revealed.

    Related: ‘It Was Taboo’: Parents Shape Their Children’s Relationship With Money. Here’s How to Set Kids Up for Long-Term Success Instead of Struggle.

    Northwestern Mutual vice president and chief portfolio manager Matt Stucky told Entrepreneur that parents can instill strong money management skills in their kids like any other good habit.

    “It just takes a lot of repetition — things like saving, investing,” Stucky says. “I’m not going to teach my 4-year-old about investing, but just the idea of if I save a dollar, that means I can spend it down the road on something that I really want. That takes a while to sink in.”

    This article is part of our ongoing Young Entrepreneur® series highlighting the stories, challenges and triumphs of being a young business owner.



    Source link

    Business Ideas Career Careers Entrepreneurs Growing a Business Health & Wellness Life Hacks Living Money & Finance Money Management Personal Finance Productivity Savings Side Hustle Starting a Business Young Entrepreneur
    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleI’ve Lived in Italy 15+ Years — Here Are 10 Unspoken Rules to Follow When You Visit
    Next Article Jennifer Garner’s 2-Ingredient Pancake Topping Is Delicious on So Many Other Foods Too

    Related Posts

    Are You Approachable at Work? Tips for Building Better Connections

    June 28, 2025

    17 Surprising Ways 7-Figure Solopreneurs Are Using AI — And You’re Not | Entrepreneur

    June 28, 2025

    California Gov. Gavin Newsom sues Fox News for $787 million over defamation

    June 28, 2025

    Novo Nordisk Just Announced WeightWatchers Will Sell Wegovy

    June 27, 2025
    Leave A Reply Cancel Reply

    ads
    Don't Miss
    Finance & Investment
    4 Mins Read

    The 5 Best Stocks to Buy With $5,000 | The Motley Fool

    As we approach the halfway point in the year, investors must look at their portfolios…

    Kenzo Spring 2026 Menswear Collection

    June 28, 2025

    XRP spikes 3% after Garlinghouse says Ripple dropping SEC cross-appeal

    June 28, 2025

    10 Outdated Travel Items It’s Time to Toss—and What to Replace Them With, From $13

    June 28, 2025
    Top
    Finance & Investment
    4 Mins Read

    The 5 Best Stocks to Buy With $5,000 | The Motley Fool

    As we approach the halfway point in the year, investors must look at their portfolios…

    Kenzo Spring 2026 Menswear Collection

    June 28, 2025

    XRP spikes 3% after Garlinghouse says Ripple dropping SEC cross-appeal

    June 28, 2025
    Our Picks
    Finance & Investment
    4 Mins Read

    The 5 Best Stocks to Buy With $5,000 | The Motley Fool

    As we approach the halfway point in the year, investors must look at their portfolios…

    Luxury Goods & Services
    2 Mins Read

    Kenzo Spring 2026 Menswear Collection

    Can luxury be punk? Can luxury be hilarious? These were some of the more highfalutin…

    Pages
    • About Us
    • Contact Us
    • Disclaimer
    • Homepage
    • Privacy Policy
    Facebook X (Twitter) Instagram YouTube TikTok
    • Home
    © 2025 Global News HQ .

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version