November 1st, 2012 at 6:04PM
New census data shows that the city is the most economically divided it has been in a decade, according to the New York Times . As has occurred across the country, the rich are getting richer and the poor are getting poorer. Twenty-one percent of the city is in poverty, and the median household income decreased by $821 annually. Per the Times: “Median income for the lowest fifth was $8,844, down $463 from 2010. For the highest, it was $223,285, up $1,919. — The Hideous Inequality Exposed by Hurricane Sandy - David Rohde - The Atlantic (via futuristgerd)

The real NYC…

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16 notes Source: The Atlantic #new york#economics#money
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