Welcome to the era of stability stacking
Millennials are burnt out and worried about layoffs. They're building safety nets of skills and income in response.
A new Glassdoor report suggests that more than three-quarters of millennial workers are questioning their career paths and engaging in "stability stacking." This involves taking on multiple jobs, developing new skills, and diversifying income streams to create a safety net in the face of job insecurity. Millennials are feeling less secure in their careers due to factors like layoffs, AI-driven job displacement, and a lack of career progression.
Stability stacking allows them to build contingencies against potential job losses and other major changes in the workplace. As millennials enter their prime earning years, they seek to secure their financial stability by stacking multiple income sources and skills. This trend is particularly prominent among the well-educated, middle-class millennials who are experiencing job fatigue and job security concerns.
Stability stacking entails not only acquiring new skills and building connections but also developing a diverse network within and outside their primary career field.
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