income gap

Mayor Michael Bloomberg (Photo by Spencer Platt/Getty Images)

Bloomberg: More Billionaires Moving To NYC Would Be ‘Godsend’

Mayor Michael Bloomberg said the problem with the income gap was not at the low-end, but was actually the result of the city’s ability to attract “a lot of the very wealthy” from around the globe.

09/20/2013

NYC mayoral candidate Bill de Blasio (credit: Getty Images)

De Blasio Uses New Census Data To Back Up ‘Tale Of 2 Cities’ Platform

The U.S. Census Bureau’s annual American Community Survey shows the poverty rate has risen, while the median household income stayed flat from 2011 to 2012.

09/19/2013

Mayor Bloomberg at news conference (file/credit: Edward Reed/Mayor's Office)

Federal Census Data Shows Growing Income Gap In New York City

The income gap was most apparent in Manhattan, where the wealthiest 20% of Manhattanites make more than 40 times what the lowest 20% earn, according to the data.

09/20/2012