Nearly half of more than 2,000 Americans recently surveyed say they plan to move soon to reduce living expenses, according to a new survey from LendingTree. Forty-six percent of respondents say they plan to relocate within the next year.

The pandemic has motivated more Americans to consider a move. Sixty-four percent of remote workers say they are considering a move. Many consumers say the COVID-19 outbreak also has led them to change their living situation.

“The economic crisis has adversely affected the finances of many Americans,” says Tendayi Kapfidze, LendingTree’s chief economist. “Even those who kept their jobs and added to savings, via stimulus and spending less due to staying home, are likely worried about the stability of their financial position.”

Source: “Nearly Half of Americans Are Considering a Move to Reduce Living Expenses,” LendingTree (Nov. 17, 2020)