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 growing<br />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 losing<br />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.
