Rich Millennials are new urbanites, the rest love the burbs

Rich 20- and 30-somethings with college degrees are much, much more likely to live in dense urban centers than they were 20 years ago, as Ben Casselman andJed Kolko have explained. Some media narratives treat this rarified group as synonymous with Millennials, perhaps because it describes the clientele of the bars frequented by the coastal journalists who write those stories. But step outside Brooklyn, D.C., or Oakland, and you’ll find that the broader story is completely different. Adults between 25 and 34 without bachelor’s degrees (which is the majority!) are actually less likely to live in urban neighborhoods than they were at the turn of the century. Most of them are moving to the suburbs as soon as they can afford to. [link]

Advertisements

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 )

Twitter picture

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

Facebook photo

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

Google+ photo

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

Connecting to %s