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Americans Moving Less Amid Recession

Posted by: Nate Berg

27 April 2009 - 7:00am

Fewer Americans moved over the past year than any other year since 1962, according to the U.S. Census Bureau.

"The bureau found that the number of people 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."

Full Story: Slump Creates Lack of Mobility for Americans
Source: The New York Times, April 22, 2009
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Most devastating is the compounding of the damage by creating new opportunities to the opposition for proposing and passing far-reaching "regulatory takings" legislation.
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