The number of people leaving their jobs is at record highs. At least 4 million people have left their jobs each month since July 2021, according to Pew Research Center data.
But new data now reveals why they are leaving.
The “Great Resignation” is sparking moves. A new consumer survey of 2,000 U.S. adults commissioned by Coldwell Banker Real Estate LLC found that a growing number of respondents this winter—compared to last fall—said they were willing to take a pay cut or accept a new job with a lower salary if it meant they could move to a more affordable location. The “Great Resignation” could be a wild card for the real estate market. Housing affordability and cost of living are factors weighing on more Americans, the survey found.