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xchrom

(108,903 posts)
Thu Oct 25, 2012, 03:40 AM Oct 2012

BIG JUMP IN YOUNG ADULTS MOVING OUT OF STATE

http://hosted.ap.org/dynamic/stories/U/US_CENSUS_ON_THE_MOVE?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-10-25-01-07-45

WASHINGTON (AP) -- Their lives on hold for years, young adults are now making big moves in the fledgling economic recovery, leaving college towns or parents' homes and heading out of state at the highest rate since the height of the housing boom.

New census data released Thursday offer a detailed look at U.S. migration as mobility begins to revive after sliding to a record low last year.

The latest numbers show that young adults 25-29 are the primary out-of-state movers; they had the biggest gain in 13 years as they struck out on their own to test the job market in urban, high-tech meccas such as Washington, D.C.; Denver; Portland, Ore.; Seattle; and Austin, Texas.

In contrast, groups that showed some of the most movement in the housing boom of the last decade (2000-2010) - working professionals, families and would-be retirees - are still mostly locked in place, their out-of-state migration levels stuck at near lows due to underwater mortgages and shrunken retirement portfolios.
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