It Wasn't Just Rich City Dwellers Who Moved Because of Covid
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Despite popular media narratives and plenty of anecdotal evidence, it turns out that many of the people who picked up and moved during the pandemic did so so because of financial stress—not because they were wealthy city dwellers with a mortgage down payment burning a hole in their wallets.
According to a recent Pew Research Center study, people were more likely to mention covid rates in their area as the reason for their move in June, a few months into the pandemic. But as the pandemic stretched into the fall months, more people cited financial reasons, and fewer said covid risks factored into their decision. Seventeen percent of people cited unemployment as the source of their financial concerns, while 15 percent said they were facing economic hardships other than job loss.