“Are large numbers of millennials really so enamored with city living that they will age and raise families inside the urban core, or will many of them, like earlier generations, eventually head to the suburbs in search of bigger homes and better school districts?”
The recent boom in cities is largely due to the rise of millennials who have flocked to them, leading to soaring apartment rents and growing businesses.
However, the New York Times points to research that suggests we’ve reached “Peak Millennial” and wonders if they will flock to the suburbs like previous generations have.
If so, it could have serious economic repercussions on cities across the country.