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New York Is Hemorrhaging Young People To Philadelphia
New York continues to attract ambitious young people, but apparently it’s also getting pretty good at showing them the door.
The metro area recorded the largest net loss of Gen Z residents in the country in 2024, with nearly 30,000 more young adults leaving than arriving, according to Census data analyzed by Redfin, according to the NY Post. Millennials were even more eager to pack up, producing a net outflow of almost 43,000 people ages 28 to 43.
The Post writes that a sizable portion of those departures didn’t involve moving halfway across the country. More than 9,200 Gen Z residents went from the New York metro area to Philadelphia, making it the second-busiest migration route for that generation nationwide. Only the roughly 60-mile move from Los Angeles to Riverside attracted more Gen Z movers.
The economics aren’t particularly difficult to understand. Redfin estimates a typical New York-area home costs roughly $832,000, compared with about $309,000 in Philadelphia. That leaves plenty of room for someone to trade New York for a cheaper city while remaining close enough to friends, family and jobs in the Northeast.
And then there are New York’s famously welcoming taxes. Between state and city income taxes, eye-watering housing costs and the general expense of existing within the five boroughs, New York has constructed a fairly impressive financial obstacle course for anyone trying to accumulate savings or buy a home.
Apparently, some younger residents have discovered that one solution to the affordability problem is simply crossing a state line.
The trend extends beyond New York. Los Angeles also experienced sizable departures, with San Diego and Riverside among the most common destinations for Gen Z movers. Millennials, meanwhile, gravitated toward metros including Houston, Dallas, Baltimore, Las Vegas and Atlanta, where housing generally remains considerably cheaper than in the largest coastal cities.
The numbers suggest younger Americans aren’t necessarily searching for the absolute cheapest place to live. Instead, many appear to be making relatively short moves that improve affordability or employment prospects while keeping their existing social and professional connections within reach.
Redfin based its findings on the Census Bureau’s 2024 American Community Survey, defining adult Gen Zers as ages 19 to 27 and millennials as ages 28 to 43.
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The West Might Soon Ramp Up Its Pressure On India To Distance Itself From Russia
Authored by Andrew Korybko via Substack,
The US and France seem to be coordinating a concerted pressure operation against India...
Popular Russian outlet Izvestia raised awareness of a paywalled Bloomberg report alleging that India might reduce its import of Russian oil, which was 45% of its total last month, to avoid US tariffs of up to 100% after Trump recently signed into law a bill empowering him to punish Russia's top energy partners. Earlier in September, "India's Top Diplomat Signaled That It'll Defy Any New US Pressure Over Its Russian Oil Purchases", which are considered to be indirectly essential to its national security.
Such pressure might soon pile up too, however, as suggested by more than just the aforesaid punitive tariff bill's passing. The US and China are negotiating an extension to their trade war truce ahead of Xi's visit later this week. The current disagreements primarily concern its duration according to the Financial Times. In the event that any such extension is ultimately agreed to, then the US presumably won't impose punitive tariffs on China for its Russian oil purchases, which would draw attention to India's.
Although the US benefits from India's Russo-American balancing act since the strategic benefits that India derives most effectively empower it to serve as a counterweight of sorts to China, Trump 2.0 might nevertheless become "geopolitically greedy" and want the US to become India's senior partner. In that scenario, the threat of punitive tariffs over its Russian oil imports could be leveraged as a Damocles' sword to pressure India into gradually reducing them in parallel with joining the West's Hormuz coalition.
About that, the French Foreign Minister proposed jointly working with India on ensuring "freedom of navigation in the Strait of Hormuz and the Bab el-Mandeb Strait" during talks with his counterpart on the sidelines of the UNGA. This coincided with the French and US presidents agreeing to work on the Hormuz dimension according to Emmanuel Macron's tweet after his talks with Trump. India's potential participation in the West's Hormuz coalition, albeit under tariff duress if it happens, would be significant.
For starters, it would signify that the US decided to pressure India over its Russian oil imports while turning a blind eye to China's for the duration of their likely extended trade war truce, thus suggesting that the US is more comfortable bullying India on this issue than China.
Second, India's participation would confirm that such tariff-related pressure was successfully weaponized by the US,
...with the third significance being that India joined the coalition in order to unlock alternative oil supplies to Russia's.
Fourth, Russian policymakers would notice the US' successful policy of coercing India through tariffs-related pressure into distancing itself from their country, which could lead to them concluding that it's incapable of functioning as a reliable counterbalance to China.
The implication is that Russia might tighten its embrace of China with all that could entail for ties with India. And finally, India's association with a Western naval coalition could harm its hard-earned neutral reputation in the Global South's eyes.
France's involvement in coordinating what seems to be a concerted pressure campaign by the US against India is notable since it's now India's second-largest arms partner and has been eroding Russia's market share over the past decade. It therefore can't be ruled out that the US might threaten more CAATSA sanctions against India if its threatened tariffs are successful in order to accelerate the aforesaid trend. India's participation in the West's Hormuz coalition might thus bode ill for its future ties with Russia.
Tyler Durden Tue, 09/22/2026 - 20:55