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Majority of Americans Plan to Stay Put at Work in 2023 Amid Recession Fears

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Home News

Majority of Americans Plan to Stay Put at Work in 2023 Amid Recession Fears

December 9, 2022
in News, Politics
Majority of Americans Plan to Stay Put at Work in 2023 Amid Recession Fears
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The majority of American workers have no plans to quit their jobs in 2023, according to an exclusive poll commissioned by Newsweek.

In a survey of 1,500 U.S. adults conducted by Redfield & Wilton Strategies on behalf of Newsweek, 78 percent of respondents said they were not considering quitting their jobs in 2023.

The remaining 22 percent of employed Americans polled said they were considering quitting their job in the New Year.

The survey also highlighted a noticeable desire to move away from full-time, remote-working practices, despite the prospects of a potential downturn.

Respondents were asked if, given the choice, they would prefer to work in an office, at home or a mixture of both.

Fifty-eight percent of those quizzed said they would prefer full-time work in an office, with 25 percent stating they would rather work full time from home, with 17 percent saying they would rather opt for a hybrid that saw them work in the office and at home when necessary.

The findings of the Newsweek survey come against a backdrop of increased uncertainty around the U.S. economy, with fears growing that a recession could be imminent.

The start of December brought with it the biggest weekly decline in the national average of gas prices, with many viewing the decrease as a sign of the economically turbulent times to come.

Meanwhile, a poll of 3,500 U.S. adults conducted ahead of Black Friday (November 25) saw 69 percent of respondents admit that the possibility of an impending global recession had them considering cutting back on the amount they buy in 2022.

Despite these concerns over a potential recession, the U.S. economy grew at a 2.9 percent annual rate in the months between July and September.

That figure was 0.3 percent more than analysts had estimated a month earlier and came after U.S. gross domestic product had fallen for two consecutive quarters at the beginning of 2022, in a development that had many claiming the U.S. had slipped into a recession.

However, away from these encouraging GDP figures, the topic of recession appears to be prominent in the thoughts of many Americans.

A YouGov survey of 2,390 adults commissioned by personal finance website Bankrate found that 70 percent of adults are worried about the possibility of a recession by the end of 2023, with 29 percent “very worried” about the likelihood of one.

The same survey also highlighted how many feel ill-equipped for what that could entail, with 41 percent of Americans admitting they were unprepared for a recession if it does happen by the end of 2023, while 17 percent were not prepared at all.

The post Majority of Americans Plan to Stay Put at Work in 2023 Amid Recession Fears appeared first on Newsweek.

Tags: JobsJoe BidenRecessionwork
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