Baby Boom on Wall Street
There’s a new demographic pounding the pavements of Wall Street: mothers. The area of Lower Manhattan, home to Wall Street, is now the baby-making capital of New York City. According to the Department of City Planning, the area has the highest birth rate across the borough of Manhattan and beats stroller heavens such as Park Slope in Brooklyn as now the trendiest place to have babies. In 2010, 1,086 babies were born near Wall Street – up 12% on 2009. More babies are on their way. According to Downtown Alliance’s latest report, 40% of childless households in Lower Manhattan are planning to have children within the next three years, and by 2013 the population of the area is expected to reach 60,000 – more than double that of 10 years ago.