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Friday, October 07, 2011

A WONDERFUL TOWN?

We have all seem romantic films about what a fascinating city New York is. We have all heard Frank Sinatra sing New York, New York It's A Wonderful Town, but the reality is somewhat different. "Poverty grew nationwide last year, but the increase was even greater in New York City, the Census Bureau will report on Thursday, suggesting that New York was being particularly hard hit by the aftermath of the recession. From 2009 to 2010, 75,000 city residents were pushed into poverty, increasing the poor population to more than 1.6 million and raising the percentage of New Yorkers living below the official federal poverty line to 20.1 percent, the highest level since 2000. The 1.4-percentage-point annual increase in the poverty rate appeared to be the largest jump in nearly two decades. ... Manhattan continued to have the biggest income gap of any county in the country, with the top fifth of earners (with an average income of $371,754) making nearly 38 times as much as the bottom fifth ($9,845)." (New York Times, 22 September) RD

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