DIRS.INFO The most relevant business & tech news

☆ New York City Has 186,000 Fewer Children and Teens Than It Did in 2020
▼ + stars: | 2024-06-27 | by ( Winnie Hu | Troy Closson | ) www.nytimes.com time to read: +1 min

New York City has significantly fewer children and teenagers than it did before the coronavirus pandemic spurred an exodus of families to the suburbs and other states, according to an analysis of new census data released Thursday. The number of New Yorkers under the age of 20 fell by 9 percent — or more than 186,000 people — to 1.8 million in 2023 from just three years earlier, according to Social Explorer, a data research company that analyzed the census estimates. It was the biggest drop in at least a decade in the city’s under-20 population. The decrease could potentially affect the city’s education policies and public school system, which is the largest in the United States, and could eventually help shape the city’s work force and economy. That age group has been steadily shrinking in the city since at least 2010 even as older age groups have been growing.

Locations: York City, Yorkers, United States

☆ New York City’s Population Shrinks by 78,000
▼ + stars: | 2024-03-14 | by ( Winnie Hu | Stefanos Chen | ) www.nytimes.com time to read: +1 min

City officials said that they were likely to challenge the 2023 census estimates, which they said had significantly underestimated the number of migrants and other people living in group settings, such as shelters and dorms. A spokesman for the Department of City Planning, Casey Berkovitz, said that 180,000 migrants had come to the city since the spring of 2022 and that 64,600 were still in the city’s care. City officials had previously projected that New York City would reach 9 million within two decades. Though the latest census numbers are a marked improvement over recent years, the turnaround has mostly benefited New York City’s more affluent areas, said Andrew Beveridge, the president of Social Explorer, a demographic data firm that analyzed the numbers. “But it’s the struggling people that leave for good.”Four of the five boroughs continued to see population declines in 2023, according to the latest census estimates.

Persons: Casey Berkovitz, Andrew Beveridge, ” Mr, Beveridge Organizations: Department of City Planning, New, Manhattan, Social Locations: New York City, New York

☆ Many Older Immigrants in New York Are Struggling: ‘I Have No Future’
▼ + stars: | 2024-01-13 | by ( Winnie Hu | Jeffrey E. Singer | ) www.nytimes.com time to read: 1 min

Many of these immigrants said they never expected to grow old in the city and, after years of saying “I’m leaving tomorrow,” are simply not prepared for that reality when it comes. Some are still chasing the American dream long after their prime working years. Older immigrants have largely propelled the rapid growth of the city’s 65-and-up population to 1.4 million, according to a census analysis by Social Explorer, a data research company. In 2022, there were 713,000 older immigrants, a 57 percent increase from 2010. During that same period, the number of U.S.-born older residents rose 25 percent to 678,000.

Persons: “ I’m Organizations: Social Explorer

☆ The U.S. Population Is Older Than It Has Ever Been
▼ + stars: | 2023-06-22 | by ( Dana Goldstein | ) www.nytimes.com time to read: +1 min

Low birthrates are the main driver of the nation’s rising median age, experts said. Still, since the beginning of the Great Recession, in 2007, fertility has remained very low compared with previous generations. Across industrialized nations, women of the millennial generation have been more likely to prioritize education and work in their 20s, leading to them marrying older and have fewer children, according to researchers. Among states, Maine (44.8 median age) is the oldest, with New Hampshire (43.3) not far behind. Utah (31.9), the District of Columbia (34.8) and Texas (35.5) are the youngest, according to the Census Bureau.

Persons: ”, Andrew A, Beveridge, ” Birthrates Organizations: Social, of Columbia, Census Locations: United States, Norway, Sweden, Finland, Maine, New Hampshire, Utah, Texas

☆ Third Point Real Estate's managing partner said it's 'a foolish debate' to say the office market will fail
▼ + stars: | 2023-06-11 | by ( Al Yoon | ) www.businessinsider.com time to read: +9 min

Frank Scavone, managing partner of Third Point Real Estate Strategies, said offices aren't dead. Frank Scavone, the managing partner of Third Point Real Estate Strategies, told Insider he's up for the challenge. But are there opportunities now for investors like Third Point Real Estate Strategies? What's going to happen with all the commercial real estate debt coming due in this higher interest rate environment? And let's not forget about the more than $300 billion in dry powder aimed at North American commercial real estate investment.

Persons: Frank Scavone, Scavone, Daniel Loeb's, —, Trepp, CBRE, That's, San Francisco — Organizations: Service, Third Point, Hedge, CBRE, downtown, Employers, North Locations: San Francisco, downtown San Francisco, Marin County, York, multifamily, New York City

Search resuls for: "Social Explorer"

5 mentions found