The Homa Files

That’s what the WSJ concludes based on recently released census data.

Specifically …

“Large U.S. cities lost tens of thousands of millennial and younger Gen X residents last year.

The sustained declines signal a sharp reversal from the beginning of the decade, when young adults flooded into cities and helped lead an urban revival.

New York, Chicago, Houston, San Francisco, Las Vegas, Washington and Portland, Ore., were among those losing large numbers of residents in the 25 to 39 age group.”

So, what’s going on?

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According to the WSJ:

Millennials might prefer to stay in the city for lifestyle reasons but end up leaving for the suburbs because because of the “quality of the public goods”, notably high housing costs and poor public schools.

My take: The numbers are still pretty small … hardly a groundswell.

But, it’s an interesting (and rational) trend.

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This entry was posted on September 27, 2019 at 6:59 am and is filed under Demograhics, Millennials, urban - suburban migration. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.