Thursday, October 27, 2011
News New York Has Greatest Income Disparity in America
Posted by Henry Stewart on Thu, Oct 27, 2011 at 4:07 PM
Breaking it down by neighborhood, Morningside Heights had the greatest income gap. (Rosedale, in Queens, had the lowest.) "In... the Upper East and West Sides and Greenwich Village, the top 5 percent of households make an average of over $1 million," the Times reports, making them home to an inordinate number of the infamous one percent.
The findings surprised some, while another suggested that the disparity could be socially healthy as it might indicate we are less segregated by class in New York than other areas.
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