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Millennials are increasingly staying in urban areas, not having as many kids (or kids at all), and not moving to the suburbs in the same rate as Boomers did. Th

by tempsy 7y ago

Millennials are increasingly staying in urban areas, not having as many kids (or kids at all), and not moving to the suburbs in the same rate as Boomers did. This is a well documented phenomenon. https://www.wsj.com/articles/ok-boomer-whos-going-to-buy-your-21-million-homes-11574485201 https://www.wsj.com/articles/ok-boomer-whos-going-to-buy-you...

duxup 7y ago
I find it unlikely that everyone will fit / stick to their initial choices.
- tempsy 7y ago
  even if you didn’t believe the existing data that showed this to be the case, millennials aren’t having many kids. Birth rates are at historic lows. a single adult or childless couple has fewer reasons to shop in bulk than a large family
- flukus 7y ago
  The oldest millenials are just shy of their forties so biology is about to close some doors on them kids wise, so there goes a reason to move to the suburbs and live in a big house. Not to mention many that do have kids raise them in inner city areas. This is also the continuation of a trend started by gen-x, so they aren't going to "grow out of it".
eru 7y ago
Alas, American cities aren't really building that much. So for people to move to the cities, it's either stack up and share a flat, or other city dwellers move out. Both things are happening. (And a bit of growth in residential space as well, but not nearly as much as there's demand.)
Exmoor 7y ago
This is indeed true on a statistical basis, but as someone who is technically at the very upper limits of being a millennial I think there is a tendency to exaggerate this trend. Most of the people I grew up with live in the suburbs and have kids. It's delayed compared to older generations, but most of them have ended up there eventually. I'd also say that a huge portion of my (Seattle area) Costco's shoppers are immigrants who likely work in tech and from what I can tell they seem to be making similar choices to what older american generations have with regards to children and where they choose to live.

by tempsy 7y ago

duxup 7y ago

I find it unlikely that everyone will fit / stick to their initial choices.

tempsy 7y ago
even if you didn’t believe the existing data that showed this to be the case, millennials aren’t having many kids. Birth rates are at historic lows. a single adult or childless couple has fewer reasons to shop in bulk than a large family
flukus 7y ago
The oldest millenials are just shy of their forties so biology is about to close some doors on them kids wise, so there goes a reason to move to the suburbs and live in a big house. Not to mention many that do have kids raise them in inner city areas. This is also the continuation of a trend started by gen-x, so they aren't going to "grow out of it".

eru 7y ago

Alas, American cities aren't really building that much. So for people to move to the cities, it's either stack up and share a flat, or other city dwellers move out. Both things are happening. (And a bit of growth in residential space as well, but not nearly as much as there's demand.)

Exmoor 7y ago

This is indeed true on a statistical basis, but as someone who is technically at the very upper limits of being a millennial I think there is a tendency to exaggerate this trend. Most of the people I grew up with live in the suburbs and have kids. It's delayed compared to older generations, but most of them have ended up there eventually. I'd also say that a huge portion of my (Seattle area) Costco's shoppers are immigrants who likely work in tech and from what I can tell they seem to be making similar choices to what older american generations have with regards to children and where they choose to live.