Should I stay or should I go? Labor market mobility and Millennial stress

 

Economists say too few people are moving away:

Labor market mobility in the United States has declined. Interstate migration is down (graph from Molloy, Smith, Trezzi and Wozniak) and so is in-state-migration, especially for the less well educated. Where once people responded to shocks by moving to opportunity now they are likely to stay put and retire early or take-up disability insurance.

Pop psychologists say too many people are moving away:

But the real change comes in the freedom of movement that has made it easy for people to leave families far behind. Studies have shown that having limited family in close proximity can lead to anxiety and depression. … One recent survey found that about half of millennials live away from their hometown. That’s a significant number.