The Big Freeze

Americans are frozen in place, with mobility at its lowest levels since the 1940s. A new NYT piece looks into the issue, and is worth reading in its entirety, and it include this graphic.

Mobility

Related posts:

  1. Moody Mortgage: Must-Read Mortgage Markets Missive
  2. The Fed Freeze Factor
  3. Cold Enough to Freeze Tar Sands?
  4. Let the Greenspan Blaming Begin (Again)
  5. Calacanis on Calacanis

Comments

  1. mee says:

    PK, there is nowhere to go. I read that migration to the Sun Belt was gone. Down here the states with the most tax cuts have the highest unemployment rates. It is so bad that Atlanta actually has a drain of young educated people. Low taxes, no transortation, no education doesn't seem to appeal anymore.

    PS say hi to Emily for me, I really like her.

  2. mark says:

    Alternative explanations: increasingly obese populace can't get out off their couches. And the young make gamers can't break away from their screens.

  3. Danny L says:

    Well, I'm moving all the way across the country to do my part. TO California, of all places.