Study: Americans are not likely to move, even for higher paying job

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Americans are choosing to stay put, even if moving means a higher paying job.

According to a new study from the Federal Reserve Bank of New York, money is not necessarily the only reason people are staying put. After analyzing data from the bank’s Survey of Consumer Expectations, the bank found that almost half of the respondents choose to stay where they are due to emotional attachments. 

The survey also notes that respondents who feel a deep connection for their community are not likely to move even if it means a higher paying job somewhere else.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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