Americans Express Growing Concern About Job Security Amid Housing Crisis

Americans Express Growing Concern About Job Security Amid Housing Crisis

Americans Express Growing , Concern About Job Security , Amid Housing Crisis.br 'Newsweek' reports that elevated br mortgage rates and high inflation have led to more br Americans becoming fearful about job security. .br According to the Fannie Mae Home Purchase br Sentiment Index, people in the U.S. are also growingbr more pessimistic about the housing market.br According to the Index, consumers' personal economic situations are , "showing signs of strain, including lower year-over-year household incomes and a reduced sense of job security.".br In our view, all of this points to home br purchase affordability remaining a problem br for the foreseeable future, which we forecast br will keep home sales sluggish into next year, Doug Duncan, Fannie Mae senior vice president br and chief economist, via 'Newsweek'.br The latest report shows the number br of Americans not worried about losingbr their job dropped from 78 to 75. .br Those who expressed concern br that they might lose their job br increased from 22 to 23.br 'Newsweek' reports that the Fannie Mae Index br also showed that household income has br failed to climb in 2023, compared to previous years.br A separate Ipsos survey found br that concerns about job security br started climbing in 2022.br At the time of the survey, over 40 of those polled br expressed worry that they or someone they knew br would lose their job in the next six months.br A more recent study by Morning Consult in br June of 2023, found that 75 of people br were concerned about widespread job losses. .br A more recent study by Morning Consult in br June of 2023, found that 75 of people br were concerned about widespread job losses.


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Uploaded: 2023-10-11

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