There's been a mass wave of migration into large city centers in the past 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 a lack of affordability.
In this article for CityLab, Richard Florida dives into a new study from the University of Toronto and the Federal Reserve of Chicago that traces the back-to-the-city movement across the U.S. The researchers found three main takeaways:
- Amenities and jobs have drawn affluent, educated, and white residents to the urban core.