Source link : https://newyork-news.info/op-ed-nyc-is-shedding-younger-households-right-heres-learn-how-to-hold-them-new-york-news/
To construct a metropolis that younger households love—not depart—leaders ought to act now to implement daring insurance policies that assist them keep.
Picture through Getty Pictures
Considered one of New York Metropolis’s defining strengths is its magnetic attraction to younger folks, who’re selecting to be right here in excessive numbers regardless of fierce competitors from different cities and an array of post-pandemic challenges. However for all its attract to twenty-somethings, the town is struggling to carry on to New Yorkers as they age into their 30s and begin households.
To construct a metropolis that younger households love—not depart—leaders ought to act now to implement daring insurance policies that assist them keep.
Few cities have skilled such a pointy decline in younger households. Between April 2020 and July 2023, the variety of kids beneath 5 residing in New York Metropolis dropped by 18.3% — almost 4 occasions the nationwide common and greater than peer cities like Los Angeles, Chicago, and San Francisco. Since 2020, New Yorkers with kids beneath six have left at greater than twice the speed of different residents.
The lack of New York’s various middle-class households poses a definite menace to the town’s long-term financial well being and vitality. As the town’s fiscal outlook darkens, shedding residents of their prime incomes years undermines the tax base and weakens future stability. Households additionally carry…
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Author : newyork-news
Publish date : 2025-04-22 00:56:00
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