The Covid-19 pandemic has had a dramatic and lasting effect on our lives all over the world. For more than 20 months, we have all had to adjust to being confined to our homes, and change how we work, play, and raise our families.
In response to nationwide lockdowns aimed at stemming the spread of the disease, businesses across America sent their office workers home, and the work-from-home (WFH) culture was born.
While the initial adjustment might have been difficult, millions of office workers have developed a preference for this new way of working. According to a recent poll published by Bloomberg, up to 40% of office workers have become so comfortable with the work-from-home model that they would rather quit their jobs than return to the office.
Why are people so determined to stay at home?
The answers are as complex as they are compelling. In the pre-pandemic economy, people were forced to live in and around cities to improve their chances of landing a well-paid job.
While it is easier to get a job in the city, the cost of living is also much higher than in less developed areas. City living is expensive, with housing and services all coming at a premium. Therefore, the money you make in your city job is quickly swallowed up by a higher cost of living.
With the shift to the work-from-home model across corporate America, people have quickly realized that you can work from just about anywhere if you have access to the internet and mobile phone signal.
In response, people are buying bigger, nicer homes in the country at a fraction of the cost of a city apartment while still enjoying the benefits of a full salary. In addition, services such as garbage removal and property tax are much lower in the country. Schools tend to be less crowded and crime levels much lower, making it ideal for raising a family.
The only challenge is that there are some upfront costs involved in uprooting your life in the city to move to a small town or homestead. You may have to think about buying a car better suited for country living or invest in a satellite internet connection to get an adequate level of connectivity to your country home.
If you are the beneficiary of a structured settlement or annuity, you have the option to sell all or part of your payments to a third party for a lump sum of cash to assist you as you make the transition. Contact an Accounts Executive at Rising Capital to discuss your options, today.