Wednesday, August 29, 2007
The rich get richer and the poor get poorer
From 2005 to 2006, the rich grew richer in the New York region and the poor, over all, remained poor, producing the widest income gap of any major metropolitan area, according to census figures released yesterday.
New York’s Gap Between Rich and Poor Is Nation’s Widest, Census Says
In Manhattan, the poverty rate among children dropped sharply — to 27 percent from 32.5 percent. City officials boasted about the decline. But one reason for it may be that poor children’s parents can no longer afford housing in Manhattan, and they are being replaced by wealthier youngsters.