The Next Big Question Facing Cities: Will Millennials Stay?
Do neighborhoods work like habitat for different kinds of households? City populations have rebounded in the past two decades as people who like city habitats have grown in numbers and in their share of the population.
Mostly these are the Millennials - adults roughly 20 to 34-years-old, also known as Generation Y or the Echo Boom - who have delayed childbearing, marriage, and even household formation because of a combination of changing culture and economic necessity. Urban living makes sense for these young people: compared with suburbs, cities often provide young adults more opportunities to switch jobs, meet friends and potential spouses, enjoy entertainment outside their homes, live without a car, and travel to other parts of the country and world.
One of the most interesting questions for cities in the next 10 to 20 years is how many Millennials will stay there. The last time this big a generation of young people started reaching their late 20s was the Baby Boomers in the early 1970s. Is that transition a good point of reference for the Millennials? Many signs point to no.