The Millennial generation, those aged 18-34, now make up over a quarter of the U.S. population. They are disrupting all sectors of the economy and causing a major re-think among industries across the board. A recent article on Forbes.com highlights this trend with the Top 5 Ways Millennials Are Disrupting Industries.
“Millennials also have a significant impact on the housing market. The US Departments of Commerce and Housing and Urban Development estimate that 1.1 million housing units were started in 2015, more than double 2009’s 554,000 new units. Although millennials have taken longer to establish themselves as homeowners and heads of households, a study done by Home Depot indicates that home ownership is, in fact, a more important goal for this age group than it is for Gen Xers and baby boomers. The Home Depot study also found that, among millennials who are renters, 57% view home ownership as an important goal, compared with 38% of Gen Xers and 34% of baby boomers. This is important because surging home ownership fuels a number of other categories, including appliances, building materials, insurance and furnishings.”
Click here to read From Housing To Groceries, Millennials Are Disrupting Industries, Forbes.com
