
Your 60-second money minute. Today’s topic: Stacking Jobs And Income
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Jessica Ettinger
With a CNBC your Money minute, I'm Jessica Ettinger. How many jobs do you have right now?
Steve Liesman
Millions of Americans are working more than one job.
Jessica Ettinger
CNBC senior economics reporter Steve Liesman with the latest from the U.S. labor Department.
Steve Liesman
A trend called income stacking. It's become popular among Gen Z workers. The question today is is it a sign of employers hiring more workers or consumers under greater financial stress?
Jessica Ettinger
And CNBC personal finance reporter Sharon Epperson says 5% of all American workers are now income
Sharon Epperson
stacking. We're seeing layoff fears driving this trend. We're seeing the inflation concerns about rising prices. And all of that is contributing to income stacking. That is having one primary job but not relying on that single paycheck, adding freelance work or side hustle to that. And we're seeing about 8.4 million people doing that. So what do businesses think of people working full time in one spot and somewhere else part time? The career experts we talked to and the human resource consultants that we talked to said, hey, employers need to understand that people are going to do this. And so if you're policing them, they're just going to hide it anyway. So better to just say, we're open to it. Just make sure you disclose it.
Steve Liesman
So it's like, if you don't want me to work two jobs, show me the money.
Jessica Ettinger
Exactly. You can see Sharon's Full report@cnbc.com I'm Jessica Edinger, CNBC.
Keith Lansford
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This episode of "Your Money Minute," hosted by Jessica Ettinger of CNBC, zooms in on the increasing trend of "income stacking"—where Americans, especially Gen Z, are working more than one job. The discussion provides insight into why this phenomenon is happening, who it affects, and the implications for both workers and employers.
Steve Liesman on the Economics of Income Stacking:
"A trend called income stacking. It's become popular among Gen Z workers. The question today is, is it a sign of employers hiring more workers or consumers under greater financial stress?"
(00:14)
Sharon Epperson on Prevalence and Causes:
"We're seeing layoff fears driving this trend. We're seeing the inflation concerns about rising prices. And all of that is contributing to income stacking... about 8.4 million people doing that."
(00:31)
Advice to Employers:
"...employers need to understand that people are going to do this. And so if you're policing them, they're just going to hide it anyway. So better to just say, we're open to it. Just make sure you disclose it."
(00:48)
Steve Liesman’s Quip:
"So it's like, if you don't want me to work two jobs, show me the money."
(01:11)
The tone is direct, informative, and lightly conversational, reflecting CNBC's news-driven, solution-oriented style. The episode underscores that income stacking is both a response to economic challenges and a practical choice for many, especially among younger workers. It encourages employers to adapt rather than restrict, mirroring the evolving landscape of work in America.
For more details and the full report, listeners are encouraged to visit CNBC.com as referenced in the episode.