Houston Could Pass Chicago as Third-Largest City in U.S. in Next Decade (Aurora: sales, high school)

[IrishIllini]

Originally Posted by chicagogeorge

What did I say that isn't true? I said that the city is losing many of it's lower to lower middle income residents. Illinois in general is losing it's middle income as well.


And of course median income would rise when 200,000 mainly lower income residents left in the 2010 census.

But on the other hand

Millionaires are leaving Chicago, report says







Of course it's not favorable. It should be alarming when all the other big cities and almost every large metropolitan area is gaining yet we are losing. Anyone trying to downplay this phenomenon is in denial as to what economic conditions exist in this region when compared to the rest of the US.

Your statement about middle income earners leaving in general is not accurate. Yes, some will leave, but they are replaced by middle income earners. There is a reason you are seeing tower cranes all over the city and that the city is adding thousands of residential units. The people we're losing lead different lifestyles than the people who move in.

That exact article has been discussed AT LENGTH. It's hardly scientific and doesn't answer the question of where those millionaires are going. It doesn't even mesh with the actual data that people keep citing here, lol. Illinois has more millionaires than ever before. Illinois has surpassed all previous job peaks. Over 75 percent of all jobs added in IL since the recession have been in Chicagoland.

We need to address the underlying issues that result in lackluster job growth and population loss, but manufacturing jobs aren't coming back to Illinois (or the US) and it's a lot more challenging to have an economy that is constantly innovating. We're trending that way though. Chicago's tech scene is making serious gains and there are jobs for those with the skill set required to succeed in a knowledge based economy.

[Vlajos]

According to the census:

In 2010, the City of Chicago had 199K+ households making over $100K.

In 2015, the City of Chicago had 231K+ households making over $100K.

And that ridiculous study DID NOT even look at the census. They supposedly talked to 800 rich people globally and read newspapers.

[chicagogeorge]

Originally Posted by Vlajos

Have you ever actually read the study that the Tribune article is based upon? It is laughably bad. The source of information for that study is a no name South African company that surveyed of 800 people around the globe and media articles.

No I haven't. I can't speak for it's validity.

Look at the ACS. The City of Chicago's one of the fastest growing income levels is the $100,000+ household. The $200,000+ household is growing even faster.

Not surprising 100-200,000+ households growing since the only area seeing growth is the area around downtown which is expensive.


As I thought Houston and Dallas are catching up with us in international migration destinations.

Top Immigrant Origins by Metropolitan Statistical Area | migrationpolicy.org

[DavePa]

Originally Posted by chicagogeorge

What did I say that isn't true? I said that the city is losing many of it's lower to lower middle income residents. Illinois in general is losing it's middle income as well.

And of course median income would rise when 200,000 mainly lower income residents left in the 2010 census.

But on the other hand

Millionaires are leaving Chicago, report says

Chicago will remains a tale of 2 or 3 cities. But it isn't alone. Changing demographics is part of the process the as the city out-perform its suburbs.

When the city had its rapid change in demographics 50s 60s 70s in Southern African-American migration. Corporate America blessed it in moving to the suburbs, Japan, then China and the Sunbelt. Now the migration should still be where jobs of your skill level go. Of course, you can't to China.

But our cities changing demographics is a ongoing process. Migration to where your type of jobs go. The stagnation part is REÄLLY when most stayed put in the 70s, 80s, 90s when few job prospects were? That was real stagnation. Now more are on the move. In with the professionals and out with others as the squeezed Middle-class (a national issue ) to the poor. Especially now African-Americans in both classes in somewhat of a reverse migration to where their Grandparents came - the South again.

Seems we are becoming more as European large cities. Wealthier in the cities. Especially their Cores and poorer /middle-class. The suburbs.

But if not for this moving in of Professionals with the disposable money bringing gentrification. Our cities especially in the North. Would be more doomed then they are and bankrupt.

[chicagogeorge]

Originally Posted by IrishIllini

Your statement about middle income earners leaving in general is not accurate. Yes, some will leave, but they are replaced by middle income earners. There is a reason you are seeing tower cranes all over the city and that the city is adding thousands of residential units. The people we're losing lead different lifestyles than the people who move in.

That exact article has been discussed AT LENGTH. It's hardly scientific and doesn't answer the question of where those millionaires are going. It doesn't even mesh with the actual data that people keep citing here, lol. Illinois has more millionaires than ever before. Illinois has surpassed all previous job peaks. Over 75 percent of all jobs added in IL since the recession have been in Chicagoland.

We need to address the underlying issues that result in lackluster job growth and population loss, but manufacturing jobs aren't coming back to Illinois (or the US) and it's a lot more challenging to have an economy that is constantly innovating. We're trending that way though. Chicago's tech scene is making serious gains and there are jobs for those with the skill set required to succeed in a knowledge based economy.

Some are not leaving, droves are leaving, and they aren't being replaced entirely. Otherwise our population would be more stable. Unless you feel onlu the poor are leaving which doesn't really jive. Could be part of the reason as to why this study says that the middle class is shrinking

Chicago area's middle class shrinking, report finds


Home is where the hurt is: How property taxes are crushing Illinois’ middle class

[Vlajos]

Shrinking middle class is a national problem, though the middle class is largely shrinking because the upper income levels are growing.

America


Don't cite a study that you've never even read. The millionaire one is a joke.

[chicagogeorge]

Originally Posted by Vlajos

Shrinking middle class is a national problem, though the middle class is largely shrinking because the upper income levels are growing.

America


Don't cite a study that you've never even read. The millionaire one is a joke.

Oh give me a break. It's was in the Tribune. Not some minor newspaper. You can reasonably assume that it was fact checked.



I think this is very true

More than any other city, Chicago has depended on Mexican immigrants to balance the sluggish growth of its native-born population, and during the 1990s, immigration accounted for most of Chicago's population growth. After 2007, however, Mexican-born populations began to fall across all the nation's major metropolitan areas. Unlike Chicago, most of those cities managed to make up for the loss with the growth of their native populations.

Now, Illinois residents are mostly leaving for Sun Belt states — those with the country's warmest climates, like Texas, Arizona and Florida. During the years after the economic recession of the mid-2000s, migration to those states paused but has started up again as states in the South and West have better job opportunities and more affordable housing. Texas, in fact, attracts the greatest number of Illinois residents, followed by Florida, Indiana, California and Arizona, according to 2013 Internal Revenue Service migration data.

Leading the exodus to warmer states is the black population, in search of more stable incomes, safe neighborhoods and prosperity. Between 2014 and 2015, more than 9,000 black residents left Cook County.

But it's not just the weather driving residents away. Job and business opportunities are stronger in neighboring states, sending more Illinois residents to other parts of the Midwest than vice versa, said Michael Lucci, vice president of policy at the right-leaning Illinois Policy Institute. Among them are younger, working-age adults, who make up some of the largest groups leaving the state, he said.

"That really speaks to economic concerns being at the heart of this. We've seen Illinois showing weak job creation in downstate communities, losses in manufacturing jobs and people wanting to opt out of a high tax environment," Lucci said.

While other Midwestern states also are losing population, Lucci said the "pattern is on steroids for Illinois." This past year, just 27,839 residents left Michigan, 12,395 residents left Wisconsin and about 12,135 left Indiana, according to census data. About 6,250 residents left Missouri while Iowa had 3,392 residents leave the state.

"I think what that says about Illinois is quite dire," he said, calling for transformational reform in state leadership. "Overwhelmingly, people are leaving to go anywhere other than Illinois."

http://www.chicagotribune.com/news/l...ybrkr=65692e5f

[DavePa]

Originally Posted by chicagogeorge

Oh give me a break. It's was in the Tribune. Not some minor newspaper. You can reasonably assume that it was fact checked.

I think this is very true

Illinois loses more residents in 2016 than any other state - Chicago Tribune

So the point is Chicago is going into a sewer to change its demographics to a wealthier more educated city core outward? Finally a stagnant population that for a few decades stayed put instead of moving to where Corporate expansion moved for lower taxes and generally wages too, in the sunbelt. For African-Americans. It is a reverse migration to where their Grand-Parents came. 50s 60s. Greg demographic changing them eras especially.

The stagnation is staying put (especially if young). Not moving to the jobs for your level of job skills. Stagnation comes in far more negative forms then just claiming it as a negative term for population losses or very low overall growth.

It's better any group move to the jobs. You just can't to China sooooo many went.

[IrishIllini]

Originally Posted by Vlajos

Shrinking middle class is a national problem, though the middle class is largely shrinking because the upper income levels are growing.

America


Don't cite a study that you've never even read. The millionaire one is a joke.

[Chicago South Sider]

Houston's MSA will be larger than Chicago's MSA in 20 years. Chicagoland will have added another decade of stagnation by 2020. Some posters can't get it through their thick heads that Chicago has issues far beyond other major metropolitan areas.