Americans Settling Down?


One of the commonly cited reasons for societal instability, Americans' post-1960's wanderlust, seems to have cooled over the years. In fact, it may be that the eternally wandering American, with no roots and no extended family, may finally be looking for some stability.

According to a new study by the Pew Center,

Using polling data and government statistics, Pew found only 13 percent of Americans moved house between 2006-2007, the lowest rate since records began in the 1940s.

According to Thursday's report, roaming has been on the wane since the 1960s -- an era when millions followed beatnik author Jack Kerouac "On the Road."

Analysts say the slipping trend is due to an aging population. "The US population is getting older and most moves are made when people are young," Pew researchers noted.

While the annual rate of migration had stood since the 1960s at around 60 percent, that had fallen last year to its lowest level ever with the onslaught of the property crisis.

Some 38.6 million people moved between 2006-2007, the lowest number since 1982-1983, a period which also saw an economic downturn.

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