Posted To: MND NewsWire

A study by ApartmentList has identified a new category of workers, arising, at least in part, out of the pandemic. Lynn Pollack, writing in GlobeSt , says this “untethered class” hold remote types of jobs and have little reason to stay put. They have a median age of 32 and are “on the precipice of settling down.” They are currently renting, living alone or with a similarly untethered partner, have no school-aged children and are likely to live in a state other than where they were born. ApartmentList suggests that there may be 8.7 million untethered workers, constituting 5.6 percent of the American workforce. The highest share, 13.5 percent, live in San Francisco, followed by San Jose and other high housing cost cities like Los Angeles, New York, Seattle, and Boston. Pollock quotes housing…(read more)

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Published On: March 15, 2021 / Categories: Mortgage News /