There's been a mass wave of migration into large city centers in the last 10 years, perhaps because the recession made people look for homes closer to job centers and millennials started tackling their big city dreams. It's brought on a wealth of sustainable living innovations and denser living solutions, but it's also the source of gentrification and lack of affordability.
In this article for CityLab, Richard Florida dives into a new study from University of Toronto and the Federal Reserve of Chicago, which traces the back-to-the-city movement across the U.S. it found three main takeaways:
- Moving to U.S. urban centers picked up near the turn of the millennium.
- Amenities and jobs have drawn the affluent, educated, and white to the urban core.
- The people who leave or are pushed out drive demographic changes as much as, if not more than, the people moving in.