This Bloomberg.com article is worth a read. It talks about how young people aren’t interested in moving (in one case, from Queens NY to New Jersey, which ain’t a big deal) to get a full-time job.
OBVIOUS question: Is this about the economic doldrums or an age group of Americans who differ (in many ways) from those of us who came before? One possible answer:
There are signs the change in mobility may be more than a passing phase for the millennial generation, said Andrea Hershatter, senior associate dean at Emory University in Atlanta, who has studied the generation and presented research to the Atlanta Fed earlier this year.
“Part of the decline is a lag — millennials do everything related to independence a bit later than previous generations — and part may be a genuine trend that implies a less physically mobile generation,” she said. “I do believe that they are more inclined than previously more nomadic generations to put down roots and to gravitate towards the comfort of the homes and institutions they never really rebelled against.”
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