Friday, September 22, 2017

Who's Moving?

The share of Americans who moved to a different residence last year fell to its lowest point in the past decade, according to new estimates from the Census Bureau’s American Community Survey. But the degree of movement isn't the same for every generation.

This all-time low only holds when you include people under age 29, many of whom fall in the millennial generation. The number of people aged 20 to 24 who move has dropped by 6 percentage points in the last decade.

At the other end of the scale, older workers and those at or approaching retirement age are actually moving a bit more than they used to. U.S. residents ages 65 and over stopped moving as often in the wake of the recession, but in 2016 they actually moved at a faster rate than before the recession began.

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