Millennials aren’t moving, creating a stagnant nation. According to the Census Bureau, fewer than 10% of Americans moved to new places in the last year, the lowest rate since 1947. The data shows only 20% of 20-to-24-year-olds moved last year, down from 29% in 2005 and 2006. As industries become more scattered, middle-class jobs continue to decline, and housing prices continue to rise (buying a home is already a top financial worry for young consumers), workers are finding it tougher to relocate. One expert explains the continued decline since the Great Recession and housing crunch “is driven by the Millennial population.” (Axios)
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