Close
ThinkAdvisor

Financial Planning > College Planning

Mobility Falls to Record Low as Americans Stay Put (Boston Globe)

X
Your article was successfully shared with the contacts you provided.

At 11.6 percent, U.S. mobility has reached its lowest recorded point since the Census Bureau began tracking migration in 1948. In some ways, this has been a long time coming: mobility has been declining since 1951, when it peaked at 21.2 percent. Pre-recession, the number had leveled off at approximately 13 percent, but since 2008, a struggling economy and housing market have caused all generations to stay close to home. Children are living with their parents post-college and retirees are electing to stay in their homes rather than move to sunny resort communities. With the unemployment rate still hovering around 9 percent and retirees worrying about their financial futures, experts say that the mobility slump could continue for several more years.