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  • Events
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          City Awake
          Make Your Voice Heard: Reimagining Nightlife with Corean Reynolds

          Corean Reynold was recently appointed the Director of Nightlife Economy for the City of Boston, where she brings a wealth of experience and a passion for fostering an equitable and thriving nightlife ecosystem.

          10/04/2023

          6:00pm - 7:30pm

          Roundhead Brewing Company

          arrow-go
          Read More
        • ...
          Government Affairs
          2023 Government Affairs Forum: State Treasurer Deborah B. Goldberg

          Don’t miss our upcoming Government Affairs Forum with Massachusetts State Treasurer Deborah B. Goldberg. Register now!

          10/11/2023

          9:45am - 11:00am

          Bank of America

          arrow-go
          Read More
        • ...
          Talent
          MA Apprentice Network Fall Quarterly Event

          Learn about new ways of utilizing the professional apprenticeship model to create diverse, sustainable, and scalable talent pipelines.

          10/12/2023

          10:00am - 11:30am

          Edenred

          arrow-go
          Read More
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        • Learning & Development

          • Overview
          • Call for Nominations
          • Resources
        • EQ to Elevate Workplace Well-being

          Designed for mid-level managers and supervisors, this new certificate program addresses workplace well-being through unique, innovative, and actionable methods.

          Read More
          Transformational DEI Certificate

          Join our Transformational DEI Certificate! Our comprehensive learning & development offerings are designed to connect and grow strong leaders who lead both inside and out of the office.

          Read More
          Women’s Leadership Program

          Our Women’s Leadership Program enables you to take your leadership to the next level by arming you with the most in-demand leadership toolkit.

          Read More
          Boston’s Future Leaders

          Our Boston’s Future Leaders (BFL) program provides emerging leaders with a socially conscious and civically engaged leadership toolkit, as well as the opportunity to apply their knowledge through experiential assignments.

          Read More
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        • Economic Inclusion

          • Overview
          • Economic Inclusion Committee
          • Fierce Urgency of Now Festival
          • Pacesetters
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        • ...
          Economic Inclusion
          Economic Inclusion

          Our Economic Inclusion Committee provides strategic support around research, policies, and programs that are focused on building equal opportunity.

          arrow-go
          Read More
        • ...
          Economic Inclusion
          Pacesetters

          We are developing an ecosystem of corporations and partners with the influence and buying power to transform economic inclusion for minority business enterprises (MBEs).

          arrow-go
          Read More
        • ...
          Fierce Urgency of Now Festival
          2023 Fierce Urgency of Now Festival

          The Fierce Urgency of Now Festival brings Boston’s diverse young professionals together with business leaders, organizations and their peers to build connection, advance careers and ignite positive change.

          09/12/2023 -

          09/16/2023

          Greater Boston

          arrow-go
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          City Awake

          City Awake empowers young professionals in a variety of ways that encourages these rising leaders to stay invested in the region’s future success.

          Read More
          BIMA

          BIMA (the Boston Interactive Media Association) serves a vibrant community of like-minded professionals from agencies, brands, publishers, and ad-tech companies with business interests in the New England market.

          Read More
          Women’s Network

          For nearly 30 years, the Chamber’s Women’s Network has connected female professionals of all background and career levels. Today, our Women’s Network is the largest in New England, strengthening the professional networks of women each year.

          Read More
          Massachusetts Apprentice Network

          The Massachusetts Apprentice Network convenes employers, training providers, and talent sources interested in developing and implementing apprenticeship programs in occupations across industries and statewide in fields such as tech, advanced manufacturing, healthcare, financial services, and more.

          Read More
          Pacesetters

          We are developing an ecosystem of corporations and partners with the influence and buying power to transform economic inclusion for minority business enterprises (MBEs).

          Read More
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BBJ: Boston is thriving and that’s a problem for millennials

May 24, 2017

When Massachusetts was named the best state in the country by U.S. News and World Report earlier this year, it was just the latest feather in the cap for a state that’s been a continuing economic powerhouse.

But there’s a downside: Millennials, who have been flocking to Greater Boston in droves, are facing a region with a dearth of affordable housing and lagging economic opportunity, according to a new survey conducted by the the Boston Foundation’s Boston Indicators project, with the Boston Chamber of Commerce. Approximately 1,600 millennials based in Greater Boston took part in the survey.

Millennials, defined as those between the ages of 18 and 37, were quick to point out many of the region’s assets, including its stellar cultural offerings and the increasing diversity of Greater Boston’s people, the report noted. But the region faces steep housing costs and a local economy that does not provide equal opportunity for every racial and ethnic group.

With a full 34 percent of its population between the ages of 20 and 34, Boston has the highest concentration of millennials among the 25 largest U.S. cities, the Chamber report said.

Considering their relative prominence, the report noted, Greater Boston’s future depends in no small part on ensuring that millennials have the opportunity to reach their full potential while contributing to our communities and economy over the long term.

Here are five takeaways from the report:

  • Housing is one of the most important issues facing millennials in the city. The majority of surveyed millennials who do not own a home hope to buy one in Greater Boston, but are hindered by the area’s expensive housing market. In fact, half of renters pay more than 30 percent of their income on housing in Boston, the report noted.
  • A racial divide in income. Black and Latino millennials in our survey are most likely to report having incomes insufficient to meet their needs, the report said.
  • Fast-growing population. The young adult populations in Boston, Cambridge and Somerville grew much faster from 2000 to 2015 than did the total population in each of these cities.
  • The millennial population is more educated than the area’s previous young adult populations. In Boston, for example, the share of young adults with a college degree grew from 52 percent to 65 percent from 2000 to 2015.
  • Millennials aren’t worried about the Boston economy specifically, but they are concerned about unequal opportunity. A full 80 percent in the survey said they believed that Greater Boston’s economy will do well or very well in the future. In every racial and ethnic group, at least two-thirds of respondents agreed on this point. But, the report notes, more than 70 percent disagreed or strongly disagreed with the idea that there are plenty of economic opportunities for people from every socioeconomic background in Boston.

Read this article online at BizJournals.com

City of Millennials Report

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Katie Hauser

Vice President, Marketing & Communications

[email protected]
617-557-7354

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