Lifestyle

Detroit Population Loss Slows as Cities Nationwide Boom


June 28, 2012, 9:36 AM

For the first time in a century, most of America's largest cities are growing at a faster rate than their surrounding suburbs, MSNBC reports.

MSNBC said Detroit saw much smaller losses last year, a sign that its 25 percent decline over the past decade has bottomed out. No further details were immediately available.

The reason for the city surge? Young adults seeking a foothold in the weak job market are shunning home-buying and stay put in urban centers.

New 2011 census estimates released Thursday highlight the dramatic switch.

Driving the resurgence are young adults, who are delaying careers, marriage and having children amid persistently high unemployment. Burdened with college debt or toiling in temporary, lower-wage positions, they are spurning homeownership in the suburbs for shorter-term, no-strings-attached apartment living, public transit and proximity to potential jobs in larger cities.

Read more:  MSNBC


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Photo Of The Day 

Potd__mg_9613-2_155 Metal sculpture in the Hart Plaza Civic Center, Detroit

By: Michael Lucido