26 March 2007

Children in Manhattan

Some select quotes from an article in the NYTimes this morning.

Since 2000, according to census figures released last year, the number of children under age 5 living in Manhattan mushroomed by more than 32 percent. And though their ranks have been growing for several years, a new analysis for The New York Times makes clear for the first time who has been driving that growth: wealthy white families.

At least half of the growth was generated by children who are white and non-Hispanic. Their ranks expanded by more than 40 percent from 2000 to 2005. For the first time since at least the 1960s, white children now outnumber either black or Hispanic youngsters in that age group in Manhattan.

The raw numbers are subject to interpretation, but, coupled with anecdotal evidence, what they generally suggest is that more well-to-do Manhattanites who might otherwise have moved to the suburbs with their children are choosing to raise them in the city, at least early on.

Compared with those in the rest of the city, the youngest children in Manhattan are more likely to be raised by married couples who are well off, more highly educated, in their 30s and native born.

“We’re grappling with what we do in a few years when the kids are no longer able to share a bedroom, said Mr. Rosenblatt, who is 45. “We have financial planners, but it’s certainly an issue we wouldn’t have if we lived in the suburbs.”

Mr. Osborne, 44, an expert on the Russian economy for a firm of financial advisors said: “If both parents are working, it actually becomes logistically difficult to live in the suburbs. If you’re 90 minutes away, we just don’t like that feeling.
“Even if we were disposed to — for the usual space, quality of life reasons — to go to suburbs, we would have to consider the practical difficulty.”

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