PWC Report: Study Says Every Fourth Person Leaving Job Due to Financial Concerns
Latest Job Survey: According to a PWC report, people have started quitting their jobs due to financial difficulties as a result of rising inflation since the Russia-Ukraine conflict and the rise in interest rates by central banks around the world. Rising inflation has made it difficult for people to survive on a salary, and people’s savings are also being depleted. According to the PWC survey, every fourth employee worldwide, or 26% of the population, plans to change careers by the end of the current year.
Difficult to Run a Household
Employees have begun to believe that they will no longer be able to maintain their households with the money they earn from their employment anymore, much alone make EMI payments. As a result, people now desire to do anything else instead of working. Using Britain as an example, the PWC analysis revealed that 47% of its employees are unable to save any money at the end of the month. While 15% of respondents claim they are unable to pay all of their household payments, which leaves them with the only choice of quitting their jobs. However, experts assert that people also develop a fear of change in a stressful and uncertain economic situation.
