Economy
Most Millennials Don't Live Downtown
They’re living in cities, but they’re also priced out of central areas.
Millennials are an important demographic group, and not just because we invented the selfie. In 2015, the generation surpassed Gen Xers as the biggest chunk of the U.S. workforce, and it’s projected to eclipse Baby Boomers as the largest generation of all-time, according to the Pew Research Center. The economic outlook, housing preferences, and employment patterns of young people play a huge role in shaping the future of U.S. cities.
Here’s how the ULI sums up the report’s findings, in a press release: