Could ‘post-suburban economy’ spell trouble for housing industry?

Families led by college graduates make about twice as families led by nongraduates, but both still spend roughly half of their income on housing and transportation on average, suggesting that Americans tend to persistently upgrade their transportation and homes, The Atlantic Cities reports.

But more and more people are flocking to urban environments, and if that continues, Americans may spend significantly less on housing and transportation.

That could have a negative impact on the real estate and auto industries, but the “post-suburban economy” also would free up money for spending on products like smartphones and social activities, The Atlantic Cities says.

Source: The Atlantic Cities

Article continues below

Comments