New Money

Forget Relocating: More of Us Are Staying Put These Days

By Katy Marquardt

Posted: April 23, 2009

Whether it's that we're short on cash or short on job opportunities, fewer Americans are moving. According to the Census Bureau, the national mover rate declined from 13.2 percent in 2007 to 11.9 percent in 2008, which is the lowest since the bureau began tracking this figure in 1948.

Broken down by region, people in the South and the West were the likeliest to move in 2008. Not surprisingly, more people are leaving the cities and moving out to the 'burbs (metro areas experienced a lost of 2 million people, and the suburbs saw a 2.2 million increase.)

The most common reason for moving? Housing:  the desire to own a home or live in a better neighborhood, for example.

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New Money

Katy Marquardt, a senior editor at U.S.News & World Report, takes a contemporary look at happenings in the financial world and aims to help young investors get going with their portfolios--or just sound cool at cocktail parties. Have a question? E-mail Katy at newmoney@usnews.com

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