boomers

Urban Core Boomer Populations Drop 1 Million 2000-2010

Wendell Cox — Wed, 11 Sep 2013 14:39:43 -0400

This may be a surprising headline to readers of The Wall Street Journal and the Washington Post, which reported virtually the opposite result in their August 19 editions. The stories, “Hip, Urban, Middle-Aged: Baby boomers are moving into trendy urban neighborhoods, but young residents aren't always thrilled,” by Nancy Keates in The Wall Street Journal and “With the kids gone, aging Baby Boomers opt for city life,” by Tara Barampour in the Washington Post reported on information from the real estate firm, Redfin (a link to the corrected Wall Street Journal story is below). Both stories reported virtually the same thing: that 1,000,000 baby boomers moved to within five miles of the city centers of the 50 largest cities between 2000 and 2010. Because these results appeared to be virtually the opposite of census results, I contacted both papers seeking corrections.

When pressed for more information, Redfin.com responded with a tweet indicating that: “We don't have a link to share or published study; Redfin did a special analysis of Census data at reporters' requests.”

In fact, the census data shows virtually opposite. Redfin’s method was not clear, so I queried the five mile radius within the main downtown areas of the 51 metropolitan areas with more than 1,000,000 population in 2010, shown below in this table and figure.

Within the five mile radius of downtown, there was a net loss of 1,000,000 baby boomers, or 2 percent of the 2000 population (ages 35 to 55 in 2000). There was also a loss of 800,000 in the suburbs, or 17 percent of the 2000 population. The continuing dispersion of the nation is indicated by the fact that there was a gain of nearly 450,000 in this cohort outside the major metropolitan areas. Overall, there was a net loss of 1.3 million, principally due to deaths.

To its credit, The Wall Street Journal issued a correction, as I would have expected. The incorrect reference to an increase of baby boomers in the urban cores was removed. To my surprise, not only did the Washington Post fail to make a correction, but they also ignored multiple requests to deal with the issue (though my emails received courteous computer generated acknowledgements).

With the ongoing repetition of the “return to the city from the suburbs” myth, it is important to draw conclusions from the data, not from impressions.

Wall Street Journal Reports Reverse of Boomer Moving Trend

Wendell Cox — Fri, 09 Aug 2013 18:08:35 -0400

An article by Nancy Keates in today’s The Wall Street Journal indicates that more than 1,000,000 baby boomers moved to within the downtowns of the 50 largest cities between 2000 and 2010. The article quoted Redfin.com as the source for the claim.

In fact, the authoritative source for such information is the United States Census. The Journal’s claim is at significant variance with Census data.

First of all, according to US Census Bureau data, the areas within 5 miles of the urban cores of the 51 metropolitan areas with more than 1,000,000 population lost 66,000 residents between 2000 and 2010 (See Flocking Elsewhere: The Downtown Growth Story). It is implausible for 1,000,000 boomers to have moved into areas that lost 66,000 residents (Figure).

Secondly rather than flock to the city, as the Journal insists, baby boomers continued to disperse away from core cities between 2000 and 2010, as is indicated by data from the two censuses. The share of boomers living in core cities declined 10 percent. This is the equivalent of a reduction of 1.2 million at the 2010 population level (Note). The share of the baby boomer population rose 0.5 percent in the suburbs, the equivalent of 175,000. Outside these major metropolitan areas, the share of baby boomers rose three percent, which is the equivalent of 1,050,000. All of the net increase in boomers , then, was in the suburbs or outside the major metropolitan areas, while all of the loss was in the core cities.

Among the 51 major metropolitan areas, only seven core cities gained baby boomers (See table at Demographia.). Among these seven, only two had larger percentage gains than the suburbs in the same metropolitan areas. One of these was Louisville, which accomplished the feat by a merger with Jefferson County. Louisville’s gain appears to have been simply the result of moving boundaries, not moving people.

Note: The age groups used are 35 to 55 in 2000 and 45 to 65 in 2010, which approximate the baby boomers. There was a decline in the number of baby boomers between 2000 and 2010 (largely due to deaths). The figures quoted in this article allocate the same percentage loss from this reduction to the 2000 baby boomer population for each core city and metropolitan area (the national rate).

Woodstock Generation Going Up the Country

Delore Zimmerman — Mon, 17 Aug 2009 13:30:02 -0400

They might not have known it but Canned Heat’s classic Going Up the Country at the now 40 year-old festival was prognostic – at least in terms of where the Woodstock generation would be moving in the 2010s. John Cromartie and Peter Nelson’s recently released USDA report – Baby Boom Migration and Its Impact on Rural America – says that the baby boomers have already shown more affinity for moving to rural and small town destinations than older or younger cohorts. As many boomers end child-rearing duties, enter peak employment earnings and ponder retirement options they are now poised to significantly increase the population of 55-75 year olds in rural and small town America through 2020, with major social and economic implications for their chosen locations.

Between 2010 and 2020 boomers will make more than 200 million residential moves, most being within or between metro regions, where 80 percent of this cohort now reside. However, net migration to core metro counties is projected to decline by 643,000 during the 2010s, a dramatic shift from a population gain of 979,000 during the 90s. In the countryside the population of 55-75 year olds will increase two-thirds, from 8.6 million to 14.2 million between 2000 and 2020.

The big winners of course are those rural places with high levels of natural amenities and affordable housing that are already popular as second-home destinations. For these areas the economic future looks good as a potential influx of spending power and seasoned, footloose talent boosts development prospects.