September 5, 2014
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.
