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Hard times mean Americans are staying put

Americans changed residences in record-low numbers


 

New U.S. Census Bureau figures record that the number of Americans who changed residences declined to 35.2 million from March 2007 to March 2008, the lowest number since 1962, when the nation had 120 million fewer people. Experts said the lack of mobility was of concern on two fronts. It suggests that Americans were unable or unwilling to follow any job opportunities that may have existed around the country, as they have in the past. And the lack of movement itself, they said, could have an impact on the economy, reducing the economic activity generated by moves.

The New York Times


 
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