New York: A Tale of Two Cities – One Chart Says it All!

New Yorkers Make a Majority of the MoneyClick to enlarge.

Dear Commons Community,

Since Bill de Blasio was elected on a platform of  A Tale of Two Cities, one rich and one poor, New York City’s media have been covering everything he says regarding socio-economics and the struggles of the common folks in the Big Apple.  The chart above courtesy of The Concentration of Wealth in New York City, Laird W. Bergad, CUNY, says it all.   The top 20% have had a great twenty-year run and now have the majority share of all income while the bottom 80% have 46% of the income.

Bill de Blasio is right-on..

Tony

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