Flee Cleveland, As Soon As Possible

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By Douglas A. McIntyre Updated Published
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Flee Cleveland, As Soon As Possible

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Some cities and states have declined to the extent that they have become poor places for people to live. These areas usually have a shrinking population, high poverty rates, faltering services, poor school systems, and troubling crime rates. Among these is Cleveland, which has been in decline for decades.

MSN recently named Cleveland as “Once-Powerful Cities That Now Struggle To Survive.” The authors noted, “Some vanish abruptly, but others see their initial break-neck momentum peter out into a long, slow decline.” Cleveland falls into the second category.

The decline of the railroad and steel industries started to hit Cleveland in the 1960s. The city defaulted on some of its financial obligations in 1978. Cleveland’s population peaked at 919,800, according to the 1950 Census. By 2021, that figure dropped to 367,991.

According to the Census, the number of people who live in poverty in Cleveland is 31.4%. The median household income is $33,678, which is about half the national average.

According to US News, the violent crime rate in Cleveland is higher than the national average. The same holds true for property crime. The violent crime per 100,000 people was 421.3 in 2020. That compares to 256.3 in New York City.

According to Public School Review, the education results in Cleveland public schools are terrible. Average math proficiency is 25%, compared to an Ohio state average of 50%. The school reading proficiency score is 37%, compared to a state average of 57%.

Great School reports that 73% of the schools in Cleveland received a below-average rating. Only 2% are rated above average.

No cities in the country with Cleveland problems have been turned around. Cleveland would need to substantially change the population trend, crime, poverty, and school systems to do so. If anything, the best that can happen is that the situation will stabilize.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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