High cost of living fuels record regional migration, report says

The migration from capital cities to regional areas has hit an all-time high, according to a new report. This trend suggests that people are increasingly leaving urban centers due to high living costs, not just a temporary post-pandemic shift. This mass relocation could reshape local economies, with regions potentially benefiting from an influx of new skills and workers, while urban areas may face challenges in retaining talent and managing population decline.