What Every Stylist Should Know: Facing the Hard Truths and Building a Stronger Future

As a stylist and business operator, I’ve had many moments where I wondered—am I the only one going through this?

Do other professionals feel the same pressure about income, education, debt, or long-term success in this industry?

The truth is: we’re not alone. A recent survey of stylists across the country exposed some eye-opening realities about our profession, and I believe it's time we acknowledge them—not with fear, but with intention.

Here’s what stood out to me most—and how I think we should respond:

First, only 9% of stylists are on track to retire with the $1 million many experts say we’ll need. That number is hard to swallow, but it’s also a call to action.

For me, it means setting a monthly savings goal now, no matter how small. I also think it’s time we start having honest conversations with each other—not just about techniques and products, but about money, pricing, and future planning.

Then there’s education. I was encouraged to see that over half of stylists use free education resources daily—and even more invest $1,000 or more annually in advanced education.

That tells me we’re serious about growing, and it inspires me to stay committed to learning. Free resources are a great start, but I’ve also learned that investing in high-level training pays off in both skill and confidence.

One surprising trend was that many stylists say they’re happy with their income—yet a majority are in debt. It’s a reminder that satisfaction and financial wellness aren’t always the same.

Working in a suite salon, I interact with many of my colleagues daily, and I’ve seen firsthand how easy it is to confuse being busy with being financially healthy.

I’ve started tracking my numbers more carefully and making decisions based on long-term stability, not short-term comfort.

And lastly, I think it's important to talk about the big dream: why most of us got into this industry. According to the survey, 71% of stylists entered the field to make great money, open salons, or both.

That’s not selfish—it’s smart. Loving our craft and wanting financial success are not mutually exclusive.

So here’s what I’m committing to—and what I encourage you to consider too:

• Prioritize financial literacy and retirement planning

• Invest in the kind of education that actually moves your business forward

• Stop normalizing debt or confusing busyness with profit

• Be honest about your goals and go after them unapologetically

• Connect with other stylists who are willing to talk about the real stuff

We’re in a beautiful industry, but success doesn’t happen by accident. Let’s face these truths head-on—and build careers that are not only creative and fulfilling, but financially secure and built to last.

*Source: *8 Shocking Truths About Hairstylists and Salon Owners – Thriving Stylist®