From World Socialist Web Site: http://www.wsws.org/articles/2011/oct2011/ineq-o29.shtml
By Joseph Kishore
29 October 2011
Geographical mobility in America has fallen to the lowest level on record dating back to 1948, according to figures released by the US Census Bureau on Thursday. The sharp fall in mobility—one year after the supposed end of the recession—is one reflection of a deepening social crisis engulfing millions of working people.
The US Census found that only 11.6 percent of the population moved to a new home sometime in the past year, a fall of nearly one percentage point from a year ago (12.5 percent).
There are a number of factors that underlie the sharp decline, including: record levels of poverty, a catastrophic jobs situation affecting most parts of the country, and the collapse of the housing market, which has left many families unable to sell homes that are worth less than they owe.
Young adults, while traditionally the most mobile age group, saw one of the sharpest declines in 2010, falling nearly 2 percentage points, from 25.9 percent to 24.1 percent. Many college graduates and young workers, facing high unemployment rates and record levels of debt, are unable to afford to start a family and are forced to move back in with their parents.
According to a survey conducted last year, 85 percent of college graduates planned to move back in with their parents, up nearly 20 percentage points from 2006. Total college debt in the US is now more than $1 trillion.
Other students are forced to drop out of college altogether, unable to afford soaring tuition rates brought on by budget cuts at the state and federal levels.
In its analysis of the Census data, the Associated Press noted, “The biggest drop-off occurred in local moves, down to 15.4 percent from 17.7 percent in 2010. It’s a sign that young adults in the prolonged slump weren’t even willing to venture outside their counties, continuing instead to live with relatives or on college campuses.”
Continue reading at: http://www.wsws.org/articles/2011/oct2011/ineq-o29.shtml