1,142 employed adults including 959 full-time and 183 part-time workers show differences across income levels in purchasing behavior and savings. Nearly 57% of households earning less than $50,000 delayed or canceled a major purchase, compared with 48% of $50,000–$100,000 households and 35% of those earning more than $100,000. Renters (49%) more often postponed major purchases than homeowners (27%). Two-thirds of workers feel somewhat or very confident in job security, while 31% are somewhat or very concerned and 39% report increased worry versus six months ago. Thirty-six percent lack emergency funds to cover rent or mortgage payments after a job loss. Concerns stem from company performance (32%), tariffs (17%) and the impact of artificial intelligence (16%), and financially confident buyers face less competition while cautious buyers give sellers incentives to price competitively and offer flexibility.
Nearly 57% of workers from households earning less than $50,000 report delaying or canceling a major purchase. That compares with 48% of households making $50,000 to $100,000 and 35% of those earning more than $100,000. Among renters, nearly half (49%) say they were holding off on major purchases compared with 27% of homeowners. Roughly a third (32%) of respondents say their job security had no impact on their purchasing decisions.
Overall, two-in-three workers say they are somewhat or very confident in their job security, in line with 2024 findings from the Pew Research Center. At the same time, 31% report being somewhat or very concerned. Many workers are worried about job security as they watch their companies adjust to this uncertain economy and increasingly look to AI and other new technologies for efficiency gains, said Chen Zhao, Redfin's head of economic research.
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