The New York Times | Sabrina Tavernise
Americans are moving at the lowest rate since the government started keeping track, according to Census Bureau data released Wednesday, as deep changes in the economy and the housing market increasingly freeze Americans in place.
[…] These days, rents in many larger cities have exploded, making it much harder for a young person seeking better opportunities to afford to move. And low-wage jobs, after adjusting for the local cost of living, pay about the same everywhere.
The result is a nation where people move far less than they used to: Just 9.8% of Americans moved in the year ending in March, according to the newly released data. That was the smallest share since the Census Bureau started tracking it in 1947 and the first time it had fallen below 10%, said William Frey, senior demographer at the Brookings Institution.
Read the story online here: Frozen in place: Americans are moving at the lowest rate on record
