"Sixty-two percent of workers now prioritize long-term job security over seeking new opportunities, with 30% having stopped looking for new jobs due to security concerns."
"Workers expect to retire nearly four years later than they had planned, with rising living costs and health care expenses driving this delay."
"About one-third of workers have taken hardship withdrawals or loans from retirement accounts, with the highest rates in financial services and insurance."
"Seventy-three percent of workers have postponed buying a home or car, with 82% of millennials delaying such purchases."
A significant 62% of workers now prioritize long-term job security over new opportunities, with 30% halting job searches due to security concerns. This trend is particularly pronounced in financial services and manufacturing. Workers expect to retire nearly four years later than planned, primarily due to rising living costs and health care expenses. Many have taken hardship withdrawals from retirement accounts, and a substantial portion has postponed major purchases and medical care. This cautious approach reflects a shift in valuing predictability over career advancement.
Read at www.housingwire.com
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