Income disparities in Manhattan, New York


In The New York Times analysis, there are huge income disparities between the rich and the poor in a sixty blocks on the Fifth Avenue from the Trump Tower to the Wagner Houses in East Harlem in Manhattan, New York. The top fifth of earners make $365,826 compared to $7,047 the lowest fifth make. The richest fifth make 52 times more than the lowest fifth, or the rich make $1.00 to 2cents what the poor make.

By 1990, in Manhattan, the rich made 32 times the average of the poor or $174,486 to $5,435. The income disparities in Manhattan have increased its rand among cities from eleventh in 1980 to fifth in 1990 and fourth in 2000. The rich becomes richer and the poor becomes poorer.

Below are income earners by percentage:

Manhattan's richest

White 80%
Asian 8%
Hispanic 6%
Black 4%

Manhattan's Poorest

White 24%
Asian 10%
Black 26%
Hispanic 38%

(Source: Sam Roberts, The New York Times, Sept. 4, 2004).


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