REINSTEIN DISCOVERED. TED: 35-YEAR-OLD COURTNEY IS A
SINGLE MOM TO A TWO-YEAR-OLD. >> WE LIVED IN BALTIMORE AND I
REALIZED I WANTED TO BE CLOSER
TO HOME. MY MOM WAS LIKE DROPPING LITTLE
HANDS. I WANT TO BE NEAR MY
GRANDDAUGHTER. MY BROTHER HAD DAUGHTER AND MY
MOM WAS WITH HER ALL THE TIME. TED: THEY MADE THE MOVE TO NEW
HAMPSHIRE. >> THE RENT OR THE MORTGAGES
HERE FEEL PRICIER THAN IN
MARYLAND. BUT IT SEEMS LIKE THE COST OF
LIVING IS CHEAPER IN NEW
HAMPSHIRE. TED: DESPITE A FULL-TIME JOB,
SHE SAYS MONEY IS STILL TIGHT. >> I HAVE NEVER HAD SAVINGS. ONE OF MY BIGGEST THINGS WHEN I
HAD MY DAUGHTER, HOW CAN I
FIGURE OUT HOW TO HAVE THE LIFE
I CURRENTLY HAVE BUT LEAVE --
BRING A FULL SECOND INDIVIDUAL
INTO IT AND AFFORD IT? I YOU I WOULD HAVE TO GET A HUGE
RAISE, -- I KNEW I WOULD HAVE TO
GET A HUGE RAISE OR WORK A
SECOND JOB. TED: SHE STARTED DIRECT SALES
FOR A BOTANICAL COMPANY. I WAS FEELING GENEROUS AND
WANTED TO DO A GIVEAWAY. I CAN BRING IT INTO MY NORMAL
DAY. I CAN DO AN ONLINE TRAINING OR A
WEBINAR WITH THE COMPANY WHEN MY
DAUGHTER IS IN BED AND I DON’TMY
HAVE TO WORRY ABOUT FIGHTING --
FINDING CHILDCARE FOR HER. TED: IT IS A JOB TO EARN EXTRA
CASH IN ADDITION TO HER
FULL-TIME CAREER. SHE DOES THIS TO GET BY. >> I STAED REALIZING IF I WANT
TO BE ABLE TO DO ANYTHING, I
WOULD HAVE TO GET A SECOND JOB. TED: SHE IS NOT ALONE. A RECENT STUDY BY VISTAPRINT
FOUND MORE THAN A THIRD OF
MILLENNIALS SURVEYED HAVE BOTH
FULL-TIME AND SIDE JOBS, OR AS
MANY PUT IT, A SIDE HUSTLE. >> MILLENNIALS ARE SEEING SIDE
HUSTLES AS BEING IMPORTANT. 73% ARE SAYING THEY ARE HERE TO
STAY. TED: MORE ADULTS COULD BE
WORKING BEYOND 9:00 TO 5:00 AS
THE COST OF LIVING CONTINUES TO
RISE AND WAGES STAGNATE. AFTER ACCOUNTING FOR INFLATION,
THE AVERAGE SALARY TODAY HAS THE
SAME PURCHASING POWER IT DID 40
YEARS AGO. THREE QUARTERS OF MILLENNIALS
RELY ON THEIR PARENTS FOR SOME
KIND OF ASSISTANCE FROM CELL
PHONE BILLS TO RENT. >> THEY ARE RELYING ON PARENTAL
SUPPORT LONGER THAN OTHER
GENERATIONS. I JOKE WITH PARENTS, LET ME KNOW
WHEN YOUR KIDS ARE OFF YOUR
PHONE BILL. I SEE IT IN EVERY FORM, HELPING
WITH GRANDCHILDREN AND THE
CHILDCARE ISSUES, MAYBE WITH
CARS OR CAR INSURANCE. IT IS VERY DEPENDENT ON THE
ECONOMIC MEANS OF THE FAMILIES
THEMSELVES. >> MY MOM OWNS THIS HOUSE, BUT I
COVER THE EXPENSES. IT IS HARD TRYING TO JUGGLE IT
ALL AND I AM NOT OUT TRYING TO
BE RICH. I WORK TO BASICALLY JUST MAKE
ENDS MEET. I’M NOT BUYING EXPRESS --
EXPENSIVE STUFF. I HAVE KNOWN THIS WOULD BE HARD,
BUT IT IS FULFILLING. TED: WHILE SOME YOUNG ADULTS
WORK SIDE JOBS TO GET BY, OTHERS
WORK EXTRA HOURS TO SUPPORT
AGING FAMILY MEMBERS. >> I NEVER THOUGHT AT THE AGE OF
304I WOULD BE TAKING CARE OF OUR
PARENTS. TED: SHE IS A CAREGIVER TO HER
FATHER. SHE IS MARRIED, WORKS OUTSIDE
THE HOME AND IS RAISING TWO
YOUNG CHILDREN. >> GROWING UP, I WOULD SAY IT
WAS A GREAT TIME UNTIL MY FATHER
GOT SICK. HE GOT PARKINSON’S DISEASE. WE HAD TO PUT HIM IN A NURSING
HOME. A LOT OF THE BURDEN FELL ON ALL
OF OUR FAMILY. TED: ON TOP OF ALL OF THAT, SHE
HAS STUDENT LOANS, A MORTGAGE
AND TWO JOBS. >> $4.50 A WEEK. IT DOESN’T ADD UP. THAT IS THE WAY MOST PICK UP A
HOBBY THEY ARE GOOD AT AND MAKE
IT INTO A LIVING BECAUSE THAT IS
WHAT IT HAS COME TO. THERE IS NOT ANYONE I KNOW THAT
ARE IN MY AGE GROUP THAT DOESN’T
HAVE LIKE TWO OR THREE JOBS. TED: A NEW NORMAL FOR PEOPLE
INTENT ON FOLLOWING THEIR
PASSIONS. >> THE AMERICAN DREAM IS STILL
ALIVE. THIS IS A NEW WAY WE ARE FINDING
MILLENNIALS AND AMERICANS ARE
FINDING TO IT. SHAYNA: THE VISTAPRINT STUDY
FOUND MILLENNIALS BRING IN AN
ADDITIONAL $1200 A MONTH THROUGH
A SIDE HUSTLE. THAT IS $15,000 A YEAR. ANTHONY: THEY ARE AVERAGING $17
A WEEK ON THAT AND MORE THAN
HALF OF THEM SAY WE WOULD DO
THIS FULL-TIME IF WE COULD MAKE
ENOUGH MONEY ON THE SIDE
BUSINESS TO LEAVE THE REGULAR JOB, BUT THEY NEED BOTH. SHAY
