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flag Study: 75% of older Minnesotans with white-collar job loss refuse relocation due to family ties and economic fears.

flag A study of 62 older Minnesotans who lost white-collar jobs found that 75% refused to relocate due to family ties, economic conditions, and job insecurity fears. flag Participants were often tied to family commitments and deterred by high mortgage rates and a tight housing market, especially those affected by the 2008 recession. flag Many baby boomers, fearing job instability, avoided relocation, seeing it as a risky move.

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