Blog

By: Michael de Yoanna

Category: Panorama

Posted: September 11, 2009 11:33 AM

Tags: Trends, military, WILDLIFE

Where the Young and Wealthy Are

If you're looking for up-and-coming power players, the best place in America to look is the Washington, D.C., area. That's according to Nielsen Claritas' new demographic report, which spotlights the cities with the highest concentrations of people aged 25-34 who earn more than $100,000 a year. D.C. is hardly a surprise. More interesting is the fact that two Colorado counties---Douglas and Broomfield---make the top 10 (fifth and 10th, respectively). "In 1990 you had a lot more concentration of this demographic in the heartland and in Texas, likely driven by the oil economy, and some of the agribusiness," says Michael Mancini, vice president of data product management for The Nielsen Company. "But now, there's a densification of young money into the major metros." The numbers come amid the steepest decline in the economy since the Great Depression--a time when the gap between most affluent Americans and everyone else could finally shrink. But, as The Wall Street Journal writes, "If so, it won't be by lifting up the bottom. It will be by pulling down the top." Meanwhile, the number of Coloradans collecting unemployment benefits is easing from historic highs in June: 70,582 Coloradans collected benefits as of August 22, down 10.4 percent from June 13, according to the Denver Business Journal.

Facebook Comments Box

Denver Real Estate 2013 - Get In The Game

Here’s why it’s finally time to get back in the Denver real estate market.

Spin Cities

We’ve highlighted some of the best road cycling routes along the Front Range and in the high...

Risky Business

Colorado’s labor market has more than its share of occupational hazards.

Escape

Each year, more than 18,000 victims of domestic violence call SafeHouse Denver’s hot line. Meet...

Get Well

From obesity to food allergies, we break down five issues facing Colorado’s kids.