The Washington Post reports that Census Bureau data indicates Millennials are sticking with their jobs longer than their counterparts did last decade.
The median length of tenure for 25-34 year olds was 3.2 years in 2012, compared to 2.7 years in 2002. According to the Post, many economists see this as a bad thing because job hopping is beneficial to people early in the careers – quitting voluntarily indicates the employee has found a better paying position or a better fit. On the other extreme, the data does not include the people struggling from internship to internship, whose job hopping isn’t voluntary. Both scenarios may be having a deleterious effect on housing.