WSJ: Big cities bleeding millenials as they flee dystopias of boomers and browns
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Date: September 26th, 2019 10:33 AM Author: onyx naked roommate
https://www.wsj.com/articles/millennials-continue-to-leave-big-cities-11569470460
Millennials Continue to Leave Big Cities
Census figures show smaller drop in young urban residents than previous years, but many still leaving for cheaper housing, better schools
New York lost almost 38,000 people age 25 to 39 last year, U.S. Census data show. PHOTO: RON ANTONELLI/BLOOMBERG NEWS
By Janet Adamy and Paul Overberg
Sept. 26, 2019 12:01 am ET
Large U.S. cities lost tens of thousands of millennial and younger Gen X residents last year, according to Census figures released Thursday that offer fresh signs of cooling urban growth.
Cities with more than a half million people collectively lost almost 27,000 residents age 25 to 39 in 2018, according to a Wall Street Journal analysis of the figures. It was the fourth consecutive year that big cities saw this population of young adults shrink. New York, Chicago, Houston, San Francisco, Las Vegas, Washington and Portland, Ore., were among those that lost large numbers of residents in this age group.
Ebb and Flow
Millennials and younger Gen Xers are movingaway from cities after boosting urban growthin the wake of the recession.
Change in large city populations from a yearearlier, ages 25 to 39
.thousand
2008
’10
’12
’14
’16
’18
-125
-100
-75
-50
-25
0
25
Younger Millennials and recent collegegraduates are still moving to cities, thoughthat pace has generally slowed in recent years.
Change in large city populations from a yearearlier, ages 20 to 24
Source: Census Bureau
Note: Cities are those with populations of 500,000 ormore
.thousand
2008
’10
’12
’14
’16
’18
0
25
50
75
100
125
The drop in young urban residents last year was smaller than in 2017, when big cities lost nearly 54,000 residents in this age group. But the sustained declines signal a sharp reversal from the beginning of the decade, when young adults flooded into cities and helped lead an urban revival.
The 2018 drop was driven by a fall in the number of urban residents between 35 and 39 years old. While the number of adults younger than that rose in big cities, those gains have tapered off in recent years.
Separate Census figures show the majority of people in these age groups who leave cities move to nearby suburbs or the suburbs of other metro areas.
City officials say that high housing costs and poor schools are main reasons that people are leaving. Although millennials—the cohort born between 1981 and 1996—are marrying and having children at lower rates than previous generations, those who do are following in their footsteps and often settling down in suburbs.
“They might prefer to stay in the city for lifestyle reasons but
might end up leaving because of the quality of the public goods,” said Katherine Levine Einstein, an assistant professor of political science at Boston University.
SHARE YOUR THOUGHTS
What’s the most effective thing that cities could do to keep more millennials as they reach middle age? Join the conversation below.
Prof. Einstein helped lead a 2017 study of U.S. mayors that found that only 13% said the housing stock fit the needs of their constituents “very well” or “extremely well,” a sentiment that was true in rich and poor cities alike. “They see a really serious mismatch between what their city’s current housing stock is and what their residents need,” she said.
New York lost almost 38,000 people age 25 to 39 last year, a decline that was roughly twice the size that it experienced each of the previous three years. That drop coincided with the city’s first overall population decline in more than a decade in 2018.
Among the big cities that gained large numbers of young adults were Los Angeles, Phoenix, San Antonio, San Diego, Austin, Seattle, Denver and Columbus.
(http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889031) |
Date: September 26th, 2019 10:38 AM Author: contagious ratface ladyboy
ODD FUCKING CASE
>> Although millennials—the cohort born between 1981 and 1996—are marrying and having children at lower rates than previous generations, those who do are following in their footsteps and often settling down in suburbs.
(http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889066)
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Date: September 26th, 2019 10:45 AM Author: comical den
The lifestyle of good schools, safety, space and affordability without feral human and crime elements is not accessible in rural or urban america, as it is not built up in rural and too costly in urban. So, suburbs are the only option that provide the right confluence of factors for families as Millennials plant roots, which also offer accessibility to urban resources without living in the city center.
Anyway, why is this even news?
(http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889107) |
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Date: September 26th, 2019 10:59 AM Author: Aromatic Shrine Azn
"Anyway, why is this even news?"
People saw the trends for a few years and thought that millennials would completely reject suburbs. No one wants to admit that millennials are just poorer than previous generations so their marriage, family creation, and house purchasing tends to be delayed.
(http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889196)
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Date: September 26th, 2019 10:50 AM Author: fluffy slap-happy turdskin
"New York lost almost 38,000 people age 25 to 39 last year, a decline that was roughly twice the size that it experienced each of the previous three years. That drop coincided with the city’s first overall population decline in more than a decade in 2018."
yep. especially banks who are cutting headcount. 50% of the back office can be replaced with algos or blockchain ledgers. 90% of traders already replaced with automation. everyone else making less than $300k needs to move out as it's not worth the stress and lifestyle. better to make $150k in Dallas even if u take a 50% haircut.
(http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889140) |
Date: September 26th, 2019 10:52 AM Author: vibrant theatre
I have been saying that reports of the suburbs demise are greatly exaggerated.
But don't worry, libs are coming for those too.
(http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889155) |
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Date: September 26th, 2019 12:33 PM Author: comical den
A decent size home is decent neighborhood is 800k-1mm minimum.
You have to send your kids to private school, 8-10k a year minimum, and very possibly much more.
It's generally quite safe, it has amazing resources and options but to live what is considered a "normal" middle class life requires an income far above what would be considered middle class, or even upper middle class.
(http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38889682) |
Date: September 26th, 2019 6:37 PM Author: curious main people abode
Big cities don't give a fuck about middle class families. Preschool is $30,000 (but free for the poor, funded by you). There are no athletic fields (but there are homeless toilets, funded by you at $50,000 a piece).
It wouldn't be that hard to make living in NYC better for families, but there's no interest in that.
(http://www.autoadmit.com/thread.php?thread_id=4351514&forum_id=2#38891832) |
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