Millennials going suburban?

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.”

image

So, what’s going on?

=============

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.

==============
Follow on Twitter @KenHoma

>> Latest Posts

#HomaFiles

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s