NYC Ranks 6th in U.S. in Income Inequality
Thursday, February 20, 2014
New York has the sixth-highest income inequality
among the 50 biggest U.S. cities, according to a report from the
Brookings Institution.
(Courtesy of the Brookings Institution)
New York has the sixth-highest level of income inequality among the biggest 50 U.S. cities.
That's according to a new report from the Brookings Institution.
Author Alan Berube said the top five percent of households make at
least $225,000 a year, while the bottom 20 percent make $17,000 or less.
He said focusing on economic diversity and upward mobility can help
narrow the gap.
"That means focusing on jobs that are accessible to the people who maybe don't have a four-year college degree, focusing more on middle-wage job growth," said Berube.
The report found Atlanta has the widest income gap, followed by San Francisco.
"That means focusing on jobs that are accessible to the people who maybe don't have a four-year college degree, focusing more on middle-wage job growth," said Berube.
The report found Atlanta has the widest income gap, followed by San Francisco.
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Annmarie Fertoli, Associate Producer, WNYC News
Annmarie Fertoli is an Associate Producer at WNYC, working with the afternoon news team to produce All Things Considered.
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