The research under 1,142 worked adults-including 959 full-time and 183 part-time employee-senkress differences between the income levels. Almost 57% of household employees who earn less than $ 50,000 reported or postpone or cancel a large purchase.
Compared to 48% of households, that is that $ 50,000 to $ 100,000 and 35% earn from those who earn more than $ 100,000.
Among tenants, almost half (49%) say that they kept large purchases – compared to 27% of homeowners. About a third (32%) of the respondents say that their job security had no influence on their purchasing decisions.
Rising concerns about job security
In general, two-on-three employees say that they are somewhat or very confident in their job security, in line with 2024 findings of the Pew Research Center.
At the same time, 31% report is somewhat or very concerned.
“Many employees are worried about work security while they see how their companies adapt to this uncertain economy and are increasingly looking at AI and other new technologies for efficiency gains,” said Chen Zhao, head of Redfin, economic research. “From a residential perspective, that Wariness is some potential home buyers on the sidelines.
“On the other hand, those who have faith in their finances, are confronted with less competition and have more negotiation forces. Sellers must acknowledge that buyers are careful, so the competitive prices of a house and offering flexibility will be crucial to close a deal.”
Almost two in five employees say that they are now more concerned about job security than six months ago. 20%, on the other hand, say that they are more confident. Among the people already involved, the report of 77% increased the concerns.
When asked why they feel insecure about their job, 32% mention the performance of their company, 17% points to rates and 16% state the impact of artificial intelligence.
Emergency savings remain thin
The study also showed that 36% of employees miss an emergency fund to cover rental or mortgage payments in the event of a job loss or financial crisis.
Households that earn more than $ 100,000 (68%) and homeowners (65%) have the most likely a safety net.
Households with a lower income, tenants and younger adults are less prepared. Only 37% of households who earn less than $ 50,000 and 40% of the tenants report emergency savings. Among adults 18 to 34 have less than half (44%) back -up funds.
Financial experts generally recommend Americans to save costs for three to six months. But only 20% of the savings say that they can cover more than a year of housing costs, while 32% report that has less than three months of coverage.
Younger employees were the least likely that they had large reserves. Only 9% of those from 18 to 34 years say they have enough for a year of housing costs, compared to 38% of employees aged 55 and older.
The questionnaire was performed from 7-8 and 13-14 August.
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