Here’s the problem
About 85% of all US single family detached homes are 3 or more bedrooms. Essentially every one lives in a 3 bedroom home or larger. There are very few smaller detached homes anywhere. In multi-unit dwellings, about 55% are 3 or more bedrooms, but most people having families or retired now want to have their traditional single family detached home. There’s nothing odd about this.
The size of the Baby Boom is about 20% of the current population; about 20% of the Baby Boom has already passed away and half will be gone by 2035.
The size of the millennial generation is about 21% of the current population. About half of them have children, thus this subgroup is about 10% of the population.
The WSJ is comparing – roughly – a 20% group to a 10% group – and surprisingly finds that about 28% are boomers and 16% are millennials with children. Gosh, about the same 2:1 ratio..
Andrew Kaczyinski, a CNN political reporter, fell for the WSJ’s bad reporting. It’s bad journalism all the way down.
