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A mayor on whose watch new york s wealthy have prospered as never before.
Income inequality new york city. Inequality between the 1 and the 99 in the united states created by new york city based law firm parker waichman in august presents a visual representation of the growing wealth gap in. Census data shows mayor bill de blasio has made only modest gains in closing. The census bureau found that real median family income in new york city rose 5 2 percent in 2016 and is up 9 5 percent since 2013. New data for 2016 released by the u s.
New york quite simply has become the most unequal major city of the world s most unequal major nation. Pdf of full report. Former president barack obama called it the defining challenge of our time new york city is a living example of what happens in a society where income concentrates at the top. Using data from the u s.
When bill de blasio was elected as new york city s mayor in 2013 with 73 percent of the vote he did so on the back of a campaign that highlighted the wide rift between the city s wealthy and poor. As the table shows the 2008 2009 recession was a powerful leveler of incomes causing the share of the top 1 percent to decline by nearly 6 percentage points. Pdf of ratio of top 1 income to bottom 99 income for all new york counties. Income inequality is greater on the coasts and in the south than it is in the midwest according to a new report from the new york federal reserve.
But i guess we can say we have pre k. Census bureau last week shows continued healthy gains in median family incomes and significant drops in poverty especially childhood poverty in new york city. Liu the share of income going to the most affluent groups peaked in 2007. The new york city housing authority has completely disintegrated to the point where donald trump had to come in and fix things ostensibly he added.
The new report from the new york city comptroller s office income inequality in new york positions bloomberg as something far less flattering. Income inequality has been trending upward since the late 1970s particularly affecting persons of color and women. Pdf of press release. Income inequality in new york city 2012 new york city comptroller john c.
Income inequality in the u s. New york city. By state metropolitan area and county. New york in his eyes was a living version of charles dickens a tale of two cities as the rich in the top 20 percent earned at least 50 percent of the total income taken in by the entire city.
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