Why it’s so hard to move in America
Explain It to Me
00:00
Is This Good or Bad?
One researcher suggests that people are about forty five % less likely to move now when they want to, than they were a generation ago. One of the things that we think partially helps to explain the large drop off in mobility over the past of forty years is increasing inequality and the sort of shredding of the social safety net. We don't think it's necessarily an accident that as the government stepped back from providing for its citizens, we see decreases in one of the most expensive things you can do,. So it may be now that only the old can move, because they're the only ones who have the money to actually do it.
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