Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeEconomyWorkMore Americans hold multiple jobs with Gen Z leading the surge'Younger generations are opting for more flexibility... and that means the shape of the labour market has changed'Author of the article:Last updated 28 minutes ago You can save this article by registering for free here. Or sign-in if you have an account.The trend reflects a broader shift in how Americans earn money, with 57 per cent of Cash App’s users generating income through freelancing, entrepreneurship, content creation, side businesses or multiple jobs. Photo by Justin Sullivan/Getty ImagesAs more Americans take on freelance, contract and other side work, earning money from multiple sources is becoming increasingly common. The number of people generating independent income alongside traditional earnings rose 30 per cent from 2024, according to Block Inc.’s Cash App.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorAmericans with more than one income stream now number 51 million, up from 41 million two years ago, according to the Cash App study. The growth has been driven by Generation Z, with almost 16 per cent holding multiple jobs, five times the rate of Baby Boomers.The trend reflects a broader shift in how Americans earn money. Across Cash App’s customer base, 57 per cent generate income through freelancing, entrepreneurship, content creation, side businesses or multiple jobs. As younger workers increasingly rely on these income streams, demand for tools to manage variable cash flows is likely to grow, according to Owen Jennings, a business lead at Block, who oversees the company’s product, operations and customer-support functions.FP Work touches on HR strategy, labour economics, office culture, technology and more.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Work will soon be in your inbox.We encountered an issue signing you up. Please try again“Younger generations are opting for more flexibility and so I think that means the shape of the labour market has changed meaningfully,” Jennings said in an interview. “The way people are participating in the United States economy and earning money has fundamentally changed.”The Cash App study found that many “modern earners” are underserved by traditional financial institutions, which often base products such as credit underwriting and tax services on the assumption that workers receive a single paycheck from one employer. As a result, some are shut out of credit, benefits and homeownership despite having comparable incomes. Just 21 per cent of modern earners on Cash App hold mortgages, versus 32 per cent of salaried workers.With the Gen Z generation, those born between 1997 and 2012, accounting for 44 per cent of modern earners, Block’s Cash App is increasingly tailoring banking, investing and other money-management tools to younger consumers. Last week, Cash App unveiled a payment device aimed at teens and young adults that looks like a sparkling wand.Cash App has also introduced credit scores for customers with limited credit histories, which the company says can help expand access to financing. Its Cash App Borrow product offers small, short-term loans designed to help users manage periods of uneven income, according to Jennings. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.