Monday, May 21, 2012

New York City far more unequal than country

Big Blue states like CA, IL and NY increasingly resemble developing countries:  well connected, fabulous wealth concentrated at the top, huge numbers of very poor people of color and a smaller than average middle class.  That's why gated communities (aka doorman buildings) are so popular in big blue land.

BLUE INEQUALITY: More Earners at Extremes in New York Than in U.S. “The wealthiest 1 percent of New York City residents took in nearly one-third of the personal income in the city in 2009 — almost double the comparable proportion nationwide, a new study shows. In a report scheduled to be released Monday, the city comptroller’s office found that large percentages of New Yorkers earned high incomes and low incomes, leaving a smaller middle class than in the nation as a whole.”

No comments:

Post a Comment