Are Millennials Really Fleeing Jersey In Droves?
Millennials in 2018 are facing issues that didn't exist for previous generations. For example, high student loan debt. Is this causing them to get out of NJ as fast as possible?
Sources report not. Studies have shown that young adults relocating out of state has remained pretty steady over the past thirty years. Statements previously made by certain NJ representatives seem to claim that millennials are fleeing the state at an unprecedented rate compared to previous generations. Turns out, that's actually not true.
NJTV reports on a new study performed by the Bloustein School at Rutgers University. The report shows that the rate of those moving out of state has, pretty much, stayed the same since the 1980s. Unfortunately, that doesn't mean millennials aren't experiencing their fair share of problems within the state. Over 40% of millennials who call Jersey home are currently still living at home with their parents, which means in order for them to stay and start their own families within the state, issues like affordable higher education and high property taxes need to be addressed.
So, the question remains: What will happen if and when millennials can finally survive monetarily on their own? Will NJ even be an option? If no solution is found, New Jersey could experience a negative economical hit over the next ten years.