Are More Working-Class Residents Leaving New York City Than Wealthy…

Are More Working-Class Residents Leaving New York City Than Wealthy…

YES. Working-class New Yorkers are leaving New York City at significantly higher rates than wealthy residents. According to research by the Fiscal Policy Institute, affordability concerns — especially housing and the cost of raising a family — are major drivers of population loss in New York state. The report notes that 90 percent of this loss comes from New York City, with Black and Hispanic residents, households with young children, and low- t…