Press & Resources | ARCHIVE: September 2019


A Rising Tide Does Not Lift All Boats

Even as poverty declined, growth in median household income stagnated and inequality is the highest on record. Following a strong increase of 5.1 percent in 2015, growth in median incomes slowed in subsequent years before stalling out last year. Meanwhile, high-income earners continue to capture a disproportionate share of the nation’s economic growth. The rising tide that is the longest economic expansion on record is not lifting all boats.

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Today’s release by the U.S. Census Bureau of local poverty statistics indicates that New York City residents experienced reductions in poverty and increases in median household income from 2017 to 2018. Any reduction in the number of people living in poverty is heartening; yet a cursory look at the data reveals that we are only at the beginning of the journey to economic equity for all New Yorkers.

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How SNAP helps New Yorkers in poverty

Nonprofits in New York have been mobilizing to support SNAP, most recently partnering with U.S. Rep. Carolyn B. Maloney to speak out against the proposal which would cut off food assistance for more than 3 million Americans.

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