New York City Poverty Rate Rises As Gap Between Rich And Poor Widens

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http://www.huffingtonpost.com/2012/09/20/nyc-poverty-rate-rises-gap-rich-poor-income-inequality_n_1899675.html



New York City's poverty rate rose for the third straight year, with nearly 74,000 more people falling below the poverty line in 2011, according to a new Census Bureau data set to be released Thursday.

One must make less than $11,500 a year to be considered living in poverty; $23,021 for a family of four.


The New York Times reports an estimated 21 percent of New Yorkers are now considered poor, while many of the city's richest only grew richer. The disconcerting report reveals a widening income gap comparable to income gaps in sub-Saharan African countries.

Manhattan saw the largest jump in impoverished residents with an increase of 1.9 percent from the previous year. Bronx had the highest rate with 30.4 percent of its population living in poverty.