Economy depresses mobility of young adults

Young people are tending to stay put, according to U.S. Census Bureau statistics reported by the Associated Press.

For the 12-month period ending March 2013, only 23.3% of adults aged 25 to 29 moved—down from 36.2% in 1963. College graduates who are moving tend to head to Denver or Washington, DC. Overall, Portland, OR, and Austin, TX, gained the most young adults.

The AP cites the sluggish economy as a key factor in the lack of mobility. Roughly one in five young adults is neither employed nor working.

At the other end of the spectrum, mobility among adults 55 and older is holding steady, as retirees head for Phoenix, Atlanta, Denver, and Florida.

Update (11/17): In contrast, anecdotal evidence suggests that young people in Europe are travelling widely in an effort to find jobs, disrupting families and marriages. See “Times interviews highlight Europe's employment crisis.”

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