• Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

Don’t miss

  • The average home insurance policy is nearly 40% higher than it was 12 years ago — instantly compare rates with Smart Financial * and spend less on peace of mind
  • Better than NFTs: You don't have to be ultra-rich to own a piece of a Pablo Picasso. Here's how to enter the fine art market
  • You could be the landlord of Walmart, Whole Foods and CVS* with First National Realty Partners (and collect fat grocery store-anchored income on a quarterly basis)

Kiss your credit card debt goodbye

Millions of Americans are struggling to crawl out of debt in the face of record-high interest rates. A personal loan offers lower interest rates and fixed payments, making it a smart choice to consolidate high-interest credit card debt. It helps save money, simplifies payments, and accelerates debt payoff. Credible is a free online service that shows you the best lending options to pay off your credit card debt fast — and save a ton in interest.

Explore better rates

The trend has already started

Quiet quitting is in stark contrast to the hustle culture — the “go-getter” mentality that promotes consistently overperforming and exceeding expectations.

Although quiet quitting is a relatively new term, a large number of workers are doing it already.

According to a ResumeBuilder.com survey of 1,000 working Americans in August, 21% of respondents say they only do the bare minimum. Another 5% say they do even less than what they’re paid to do.

The trend of quiet quitting is also shown in the amount of time people put into their work. In the survey, one-third of respondents say they’ve reduced their weekly work hours by more than 50%.

Advocates say

Zaid Khan, the 24-year-old software developer and musician behind the popular TikTok video, explains why he’s no longer subscribing to the hustle culture mentality.

“Overworking only gets you so far in corporate America,” he says in an interview reported by Bloomberg. “And like a lot of us have experienced in the past few years, mental and physical health really takes a backseat to productivity in a lot of these structured corporate environments.”

In the ResumeBuilder survey, 83% of respondents who do the bare minimum say they're “definitely” or “somewhat burned out.”

Read more: 10 best investing apps for 'once-in-a-generation' opportunities (even if you're a beginner)

Finding a balance between work and life is another big reason for the rise of quiet quitting.

“Some employees no longer feel connected to their work or workplace and have a much stronger desire to focus their attention on their families and personal lives,” says career strategist and coach Stacie Haller. “With this shift in priorities, you see less willingness to engage in ‘hustle culture.’”

Kiss your credit card debt goodbye

Millions of Americans are struggling to crawl out of debt in the face of record-high interest rates. A personal loan offers lower interest rates and fixed payments, making it a smart choice to consolidate high-interest credit card debt. It helps save money, simplifies payments, and accelerates debt payoff. Credible is a free online service that shows you the best lending options to pay off your credit card debt fast — and save a ton in interest.

Explore better rates

Critics say

Of course, there are several obvious downsides to the trend.

While acknowledging that people unhappy with their current job situation probably don’t want to go above and beyond at work, Haller says that quiet quitting “isn’t productive.”

“It would be better for disenchanted employees to speak with their managers about how to improve their current situation or to work with a job search coach to start looking for a more exciting opportunity,” she suggests.

Investment mogul and Shark Tank star Kevin O’Leary is another critic, and calls quiet quitting “a really bad idea.”

“People that go beyond to try to solve problems for the organization, their teams, their managers, their bosses, those are the ones that succeed in life,” he explains on CNBC. “People that shut down their laptop at 5, want that balance in life, want to go to the soccer game, 9 to 5 only, they don’t work for me.”

Only time will tell if the trend of quiet quitting is here to stay or will fade away — quietly.

What to read next

  • Want to invest your spare change but don't know where to start? Try this investing app before Dec. 31 and get paid $20
  • 'Hold onto your money': Jeff Bezos says you might want to rethink buying a 'new automobile, refrigerator, or whatever' — here are 3 better recession-proof buys
  • Prices keep rising, so try this free hack* to instantly check for better deals when you shop online with Capital One Shopping’s free browser add-on
Sponsored

This 2 minute move could knock $500/year off your car insurance in 2024

OfficialCarInsurance.com lets you compare quotes from trusted brands, such as Progressive, Allstate and GEICO to make sure you're getting the best deal.

You can switch to a more affordable auto insurance option in 2 minutes by providing some information about yourself and your vehicle and choosing from their tailor-made results. Find offers as low as $29 a month.

Jing Pan Investment Reporter

Jing is an investment reporter for MoneyWise. He is an avid advocate of investing for passive income. Despite the ups and downs he’s been through with the markets, Jing believes that you can generate a steadily increasing income stream by investing in high quality companies.

Disclaimer

The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Advertisers are not responsible for the content of this site, including any editorials or reviews that may appear on this site. For complete and current information on any advertiser product, please visit their website.

†Terms and Conditions apply.