STEVE FORBES: 4 ways to fix what’s wrong with New York City and stop the exodus
New York City is experiencing significant population loss due to high costs, overcrowding, and declining public services, according to Steve Forbes. Families, middle-income earners, and lower-income residents are leaving the city in large numbers, taking tax revenue with them. Forbes argues that the city's government must address these issues to reverse the trend and retain residents.
- ▪New York City lost 166,000 people and 52,600 households to domestic outmigration in 2022 alone.
- ▪The city's loss of residents cost an estimated $309 million in tax revenue, including at least $259 million in personal income taxes.
- ▪Between 2019 and 2023, New York City lost about 83,000 full-year resident tax filers and nearly 347,000 people attached to those returns.
- ▪The population decline was concentrated among married couples, families with children, and those earning $50,000 or less.
- ▪One in four college-educated New Yorkers reported working primarily from home in 2022, especially in high-wage sectors like finance, media, and technology.
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Opinion STEVE FORBES: 4 ways to fix what’s wrong with New York City and stop the exodus The city's $115.9 billion budget dwarfs Florida's, yet families flee overcrowded housing and declining services By Steve Forbes Fox News Published April 28, 2026 5:00am EDT Facebook Twitter Threads Flipboard Comments Print Email Add Fox News on Google close Video New York City parents plead for more police at ‘dangerous’ intersection amid Mamdani’s anti-police funding push Fox News Digital spoke to parents outside a school in The Bronx who say their neighborhood needs more police, not less.
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