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Connor O'Brien - 2 O'Brien - 2 — - 1 EIG - 1 millennials - 1 weren't - 1 would've - 1 what's - 1
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☆ Young families are still fleeing major cities in huge numbers, a 'big surprise' for metros trying to escape the urban doom loop
  + stars: | 2024-07-11 | by ( Eliza Relman | ) www.businessinsider.com   time to read: +5 min
Read previewWhen the pandemic hit, young families fled cities across the US in droves. Overall, domestic out-migration from big cities is still double the rate it was pre-pandemic. "This data is three years out from the start of the pandemic, cities have started to recover robustly on a bunch of different measures." Families with kids under six years old are more than twice as likely to leave New York City than families without young kids, the Fiscal Policy Institute found. Some exurbs — particularly in the pro-development Sunbelt — are seeing young families flood in.
Persons: —, Connor O'Brien, EIG, O'Brien, millennials Organizations: Service, Economic Innovation Group, Business, New York City Locations: exurbs, New York, Chicago's Cook County, San Francisco, Los Angeles, nation's, downtowns, New York City, Exurban, Polk County , Florida, Orlando, Tampa, Montgomery County , Texas, Houston
☆ Remote-working parents with young kids are fleeing cities to get more bang for their buck
  + stars: | 2023-07-18 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com   time to read: +5 min
Parents with children under 5 are shunning big cities faster than everyone else. But the flight of young parents and a shrinking population might mean cities have to compete to keep you. A new report from the Economic Innovation Group, or EIG, found that families with young kids are shunning big cities. That created a nexus of families with young children just outside of cities, what the report calls a "donut effect." But for cities that are shedding young families but still hold allure, like New York, the reshaping might be more of a rethinking of their value proposition.
Persons: Connor O'Brien, weren't, O'Brien, would've, what's, Eliza Relman Organizations: Service, Economic Innovation Group, jkaplan Locations: Wall, Silicon, Florida, EIG, Carolinas, New York, Los Angeles
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