Americans are moving less than ever, and it’s bad for the economy

Americans need to move to keep the economy humming. / Quartz

 

By Dan Kopf | Quartz

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.

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