A recent article reports the Census Bureau's findings that fewer Americans are moving with a rate that's among the lowest in over 50 years.
Of those who are moving, 51 percent move for housing-related reasons. For example, a bigger family prompting a move into a bigger house. Another 26 percent move for family reasons and 16 percent for work-related reasons.
Not surprisingly, young adults are the most frequent movers; about one-third of 20- to 29-year-olds had moved in the previous year. Mobility peaked during people's twenties and decreased with age. Among those who moved, those 55 and older were more likely to have moved to a different state.
Those of us who are homeowners had a much lower rate of moving last year -- about 1 in 14 compared iwth nearly 1 in 3 for those living in renter-occupied housing.
An interesting aside: people 55 and older now represent 21 percent of the American population. And, over the next 20 some-odd years, 82 million people (nearly 30 percent of the population) will turn 65 with the over 85 age group becoming the fastest growing segment of our population.
Source: More Americans Staying Put
