Young Families Are Fleeing NYC. Rising Child Care and Housing Costs Are to Blame.
3rd June 2024
The Fiscal Policy Institute, a left-leaning think tank, released new data showing families with children aged 6 or younger are twice as likely to move out of the city as families without young kids. Households with young children make up 14% of the city’s population but 30% of those fleeing the five boroughs, according to the group’s findings.
The analysis underscores the affordability crisis gripping New Yorkers who are caught between escalating rents, child care costs, rising food prices and inflation.
The new data comes as city officials fight an ongoing battle over proposed cuts to early childhood education programs. Education-focused nonprofits and some members of the City Council are urging Mayor Eric Adams to fully restore proposed reductions to popular programs.