Young families are increasingly leaving New York City due to rising child care and housing costs. A new report by the Fiscal Policy Institute highlights that households with young children are 40% more likely to leave New York State and twice as likely to move out of NYC. The affordability crisis is underscored by the difficulty in maintaining homeownership, becoming a homeowner, and paying monthly rent. Many are moving to states like Florida or New Jersey. Experts emphasize the need for immediate solutions to improve child care access and affordability to stabilize the situation.
Housing and the cost of raising young children are driving families to leave New York state in favor of states like Florida or New Jersey, a new report by the Fiscal Policy Institute found via @Gothamist's @karen_yi https://t.co/hOTcb9W4tX https://t.co/mReDK131Iz
New Yorkers say housing crisis is pushing them out https://t.co/8UAaVwiM4Y
FROM THE NYT: Stuck in a starter home ... "“Home affordability is the worst I’ve ever seen it." https://t.co/itQKs9LQmH #RealEstate #StarterHome #Homebuying #HousingMarket
High housing and child care costs are driving families from NYC. It is critical we move quickly to improve child care access and affordability across our city. @5boroinstitute has focused on immediate solutions to stabilize our child care system: https://t.co/NkQJIlom3M https://t.co/8GO79okfn3
New from FPI: Households with young children are 40% more likely to leave New York State — and 2x as likely to move out of NYC. @Gothamist: "The analysis underscores the affordability crisis gripping New Yorkers" https://t.co/9LnsTXnHSS
In New York City we have people who are struggling to maintain the homes they own, to become a homeowner, and even to just pay their monthly rent all across the city and all at once via @commobserver's @AmandaFariasNYC and Rick Gropper https://t.co/x94VqQCK48 https://t.co/QxL9X41o5h
Young families are fleeing NYC. Rising child care and housing costs are to blame. https://t.co/cZjZ2rVZXL