Legacy Economy

Demographic decline is shrinking the pool of applicants for all but a handful of global superbrands, 80 percent of which are located in the United States.

With real estate markets tapped out in primary markets, investors will look to secondary ones—Pittsburgh, Cleveland, Phoenix—with legacy assets.

What happens when a place is no longer able to attract more people?

Talent is the new oil, and our universities—talent production facilities—are the best in the world.

The United States will continue to lead the world as it shifts to a Legacy Economy, but only some cities will play a role in that.