Millennials – typically defined as those born between 1981-96 – have gotten a lot of press, both positive and negative. Some argue that they are more public-spirited and less materialistic than Baby Boomers. Others say they are spoiled and entitled. Still others write that they are the same as earlier generations, but younger and with lower incomes.
Understanding how Millennials behave has important practical implications for urban planning, industry evolution and climate change. For example, if Millennials prefer to take a Lyft and skip the hassle of driving and parking, this could spell big changes for the automobile industry. But if their suburban soccer mom phase has merely been delayed, not skipped entirely, perhaps nothing will really change.
We recently completed a study for which we interviewed 40 Millennials to hear how they feel about driving. One quote captured the typical reaction:
“I’ve considered getting a car, especially when I was in college. But now it’s like, ‘meh … I mean, like, it doesn’t sound appealing whatsoever.’”
To find out if these attitudes were truly representative, we surveyed 2,225 American adults of all ages. On average, Millennials drive for 8 per cent fewer of their typical weekly trips than Baby Boomers or Gen Xers.
Moreover, this difference does not disappear when we control for demographic information, proving that Millennial behavior is not just about being young, single and low-income. Instead, what distinguishes Millennials are their attitudes.
Millennials are more pro-environment than previous generations and less likely to believe driving gives them independence. They also see driving as more dangerous and want a travel mode that offers side benefits such as exercise or the ability to read or use social media.
Internal Server Error
The server encountered an internal error and was unable to complete your request. Either the server is overloaded or there is an error in the application.shared experiences may leave imprints that are slow to change.
Of course, the coronavirus throws a wrench into the mix.
Auto sales were down 33 per cent in May 2020 from the previous year. But continued calls for social distancing that make riding public transit or using ride-hailing apps less desirable may prompt a rebound in automobile sales.
Perhaps the biggest COVID-19 question is whether Millennials will buy more social distance by moving from apartments in the city to detached houses in the suburbs.
But Millennials are likely better able to work remotely, and may also be more vulnerable to job losses, so socio-demographic factors may work against a buying spree on their part. That infamous Millennial ‘meh’ may prove hard to shake.
Wren Montgomery is a Sustainability & General Management professor in the Ivey Business School at Western. Tom Lyon is a professor at the University of Michigan. Kim Wolske is a professor at the University of Chicago. The piece originally appeared in The Conversation.