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Factoids

Factoids offer brief snapshots of current topics pertinent to the Furniture industry based on our on-going research. Increase your grasp of current trends, consumer attitudes, and shifts within the industry through solid statistics and concise insight.

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Factoids

Series Factoid #4: Mobility In America Continues to Decline: Mobility by Poverty Status, 2015 to 2016

This is the final factoid in a series of four factoids that give a snapshot of current movers and what factors might determine mobility at this time in America – age, marital status, owning versus renting, and poverty status. With only 11.2 percent of people moving from 2015 to 2016, American mobility is at an all-time record low. The previous three factoids focused on age of movers, marital status, and owners vs. renters, while this factoid centers around mobility by poverty status.

Although 13.5 percent of the population is below 100% of poverty, 22.6 percent of movers were these lowest income households. Americans at 150% of poverty (incomes over $36,450 for a family of four) accounted for 66.4 percent of movers from 2015 and 2016 and 79 percent of nonmovers.

Americans with higher household incomes (above $36,450 for a family of four) are choosing to stay in place – only 9.6% moving in 2016. The poverty category with the lowest income had the highest percentage of Americans move over 2015 to 2016, 18.6 percent of those below 100% of poverty moved over last year.

Source: U.S. Census Bureau, General Mobility by Poverty Status  *Poverty level categories add to 100%



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FastFact: Low-Income Households Move More Frequentlyhttp://hfbusiness.com/hfbnow/ArticleID/16198/fastfact-low-income-households-move-more-frequently
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