Why aren’t millennials buying boats? (the boat recession)

“So, where are all the boaters your age?” asked a 60-something-year-old, at a patio bar on Gabriola Island in British Columbia. “When I was your age, we all had boats and had great big raft-ups out on the water.”

Our group of under-40 sailors was on a weekend cruise and digging into steaming plates of fish and chips. “I’m not sure,” I answered. “Are there fewer? Maybe it’s because they can’t afford it?”

“Nah,” he said. “It’s those iPads. My grown kids have no sense of adventure, happy to sit around ‘twitting’ all day.”

My husband, Robin, and I had often discussed this question. Having become first-time boat owners only five years before, at ages 24 and 29, we were often the only identifiable 20-somethings at our silver-haired yacht club.

…According to Ellis, boat ownership has seen a steep decline in the 20- to 39-year-old age category, with approximately 41 percent fewer 20- to 39-year-olds owning boats in 2015 than in 2005. In 2005, 4 percent of American males ages 20 to 39 owned a boat; but by 2015, that number dropped to only 2 percent.

Here is the full story, via Craig Richardson.