As the Great Recession churned job prospects for many, Cook County lost about 13,000 residents with six-figure household incomes to other places, despite the widely hyped revival of downtown housing and jobs.
Between 2007 and 2011, Chicago and its immediate suburbs also ended up with about 10,000 fewer residents with a bachelor’s degree or higher, even after accounting for new arrivals, according to the U.S. Census Bureau’s first attempt to track population shifts by income and education at the county level.
In recent years, local officials and real estate developers have touted a resurgence in young tech workers and affluent empty-nesters revitalizing the city’s core. Yet those trends are seemingly being overshadowed by more powerful factors, as other parts of the city and close-in suburbs send even larger numbers of prosperous, college-educated people to DuPage County and beyond
Read more in Crain’s Chicago Business.
