Friday, March 23, 2007

Elite Babies Take Manhattan

In Surge in Manhattan Toddlers, Rich White Families Lead Way
Manhattan, which once epitomized the glamorous and largely childless locale for “Sex and the City,” has begun to look more like the set for a decidedly upscale and even more vanilla version of 1960s suburbia in “The Wonder Years.”

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 analysis shows that Manhattan’s 35,000 or so white non-Hispanic toddlers are being raised by parents whose median income was $284,208 a year in 2005, which means they are growing up in wealthier households than similar youngsters in any other large county in the country.
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Unknown said...

The median is near $300k. That's mindblowing.

Anonymous said...

Well, there goes the neighborhood...

And I agree with Vinny. A median income near $300K is simply staggering.