Gen Z is ready to throw out the rulebook when it comes to generating wealth. Financial ambition doesn’t have to look like the tried-and-true path from Ivy League school to a Wall Street banking job. In fact, many are skeptical of the traditional 9-to-5 office job and believe “income stacking” might be the best way to achieve financial freedom.

More members of Gen Z, born from 1997 to 2012, want to be their own boss with a side hustle or two for good measure. Two-thirds have reportedly said they find it essential to have multiple sources of income to achieve financial stability. That makes sense, given the jobless rate among 20- to 24-year-olds is double the rate for those over 25, according to the US Bureau of Labor Statistics.

The $75,000-a-Month Job: Gen Z Hustler Pitches Vending Machines Over 9-to-5 Grind: https://bloom.bg/3S56n9t

As young people scramble for financial security, some are ditching the corporate ladder to start their own businesses and stack multiple income sources.

#GenZ #Income #Wealth

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Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg.

Chapters:
00:00:00 – Introduction
00:04:53 – Trump Takes Aim at Iran’s Economy
00:08:01 – Dania Arayssi, New Lines Institute Program Head and Senior Analyst
00:14:45 – Nick Stadtmiller, Emirates NBD Chief Economist and Group Research Head
00:27:49 – Israel-Turkey Tensions Rise After Strikes on Syria Air Base
00:31:35 – Wael Yonan, TCW Group Head of Sovereign Wealth Management
00:36:41 – Ethiopia’s Birr Sinks as Central Bank Burns Through Dollars
00:41:44 – US Lead in AI Race With China Rapidly Narrows
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Guy Johnson, Tom Mackenzie and Paul Dobson break down today’s key themes for analysts and investors on “Bloomberg: The Opening Trade.”

Chapters:
00:00:00 – MLIV
00:00:01 – Dollar Pointing Lower
00:00:49 – Bond Market, Yields
00:02:11 – Inflation Challenges Central Banks
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US Treasury Secretary Scott Bessent announced what he called an “unprecedented” US campaign to sever Iran from the global economy. He says any country doing business with Iran could face US sanctions. Any country that facilitates money laundering for Iran could be removed from the US dollar system, he said during a press conference in Washington.
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Nvidia Corp.’s biggest customers have been told that the prices of servers containing its artificial intelligence chips are going up more than 15% in many cases with memory chip costs soaring. Bloomberg’s Anthony Stephens breaks down what we know so far.
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