Whether Detroit’s slumping population was cause or effect (or both) in its demise remains up for discussion; either way, in the ever-more-entitled and ever-less-working world in which we live, a declining population in the face of increasingly promised benefits has only two ends – death (bankruptcy) or taxes. In spite of almost record-low Muni market yields (and spreads), risks remain – just ask the HY market… and these 25 cities have the highest rate of population decline in America.
Bloomberg ranked U.S. cities based on the percentage change in population from 2012 to 2013 and identified the 25 that were shrinking the most.
Methodology
Only cities with at least 50,000 residents as of 2013 were included. Population estimates were as of July 1 each year. Data were rounded.
Source: Bloomberg
via Zero Hedge http://ift.tt/1AOZfeI Tyler Durden