Americans Are Moving Less Than Ever, and It's Bad For the Economy

An anonymous reader writes: The best job for someone is not always in the area where they live. Often times, the job that will pay them most, and make the best use of their skills means moving to another city, state or country. Though making the choice to move can be difficult emotionally, it is extremely good for economic growth. Productive people make productive economies. Unfortunately for the US economy, people don't move they like they used to. According to recently released data from the US Census, only 10.1% of adults moved homes from August 2017 to August 2018. This is the lowest rate of moving since the government began collected data in 1948. The census tracks moves within counties, within states, or across states, and no matter how you look at it, moving rates are way down from just 15 years ago. For example, from 2002 to 2003, 2.8% of Americans moved across state lines. From 2017 to 2018, it was just 1.5%.

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