Quote:
Originally Posted by Quixote
I think Docere’s survey clearly indicates that Manhattan, Westchester, and Fairfield are where more of the pedigree is, accounting for roughly two-thirds of the responses but home to only about 15% of the metro population.
Jersey is clearly underrepresented at 10% considering proximity and the fact that it’s home to 7 million people, Bergen having a population of 956,000 yet accounting for half of Jersey responses.
And let’s just hypothetically say that “other NYC” is all Queens and “other NYS” is all Suffolk County. That’s over 8 million people — about a third of the metro — yet only 22.5% of responses.
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I don't know what survey is referenced, but incomes and education across apples-apples geographies are largely flat across the tri-state. Income & education generally define favored quarters. It's pretty clear that places like Chicago, DC, Atlanta, Dallas, etc. have different income/education patterns than in the NYC area.
Also not sure why you're comparing Westchester/Fairfield to all of NJ or all of LI. Wouldn't you also then include the Bronx with Westchester/Fairfield? Obviously Brooklyn/Queens, the Bronx and the urban Jersey counties aren't suburbia.
As someone who used to work for a (formerly) very WASPy investment bank, I know the directors and managing directors had no discernable suburban pattern. They were as likely to be in Manhasset or Princeton as in Westport or Dobbs Ferry. Probably about 40% lived in Manhattan or Brooklyn, and the remaining 60% were mostly scattered throughout Westchester, Fairfield, North Shore LI, and four areas in NJ - the Summit-Short Hills-Madison corridor, the Tenafly-Alpine-Englewood Cliffs area, the Ridgewood area, and Princeton. Once in a while you'd get directors from the Rumson-Red Bank (NJ) area or some waterfront area of South Shore (LI).
Suburban NY is more of a pattern of generally upper class sprawl with working class older towns (or neighborhoods) scattered about. Even in Westchester/Fairfield, there are plenty of relatively poor towns. Basically every older town has poverty, even Greenwich. Next to Greenwich is working class Port Chester. It's very different from, say, the North Shore of Chicago.
This was all 20 years ago, but I doubt there has been radical change. The share of directors in Brooklyn, especially, has probably risen. Boomers didn't live in Brooklyn. Maybe the city residents are up to 50%+ but I doubt the suburban patterns changed.