Many schools have canceled classes for the rest of the year, right? Students are going online, they’re requesting returns for their room and board money, tuition is at astronomical prices—you get the point.
Okay, so what happens when the entire economy of college towns collapses because there aren’t college students there, which can contribute to a majority of these towns’ economies? The Wall Street Journal investigates.
This is an important point because just last year McKinsey branded these so-called ”niche cities” as economic powerhouses, estimating great growth over the coming decade.
What happens to those cities—and the people who live there—now?