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Stuart Trow

Can You Afford to Join the Great Resignation?

The true cost of quitting your job without another one lined up could be higher than you imagine.

It’s getting cold out there.

It’s getting cold out there.

Photographer: Jan Woitas/dpa-Zentralbild/dpa

Many of us fantasize about quitting our jobs. In 2021, more people than ever turned that dream into reality. The latest U.S. Bureau of Labor Statistics data show that 4.53 million Americans voluntarily left their jobs last November. This was both a new monthly record and the eighth successive reading above the pre-pandemic high.

In the U.K., the story is a little more nuanced. Nevertheless, the number of job vacancies as of November 2021 stood at a record 1.21 million, according to the Office for National Statistics.