The New York Income Inequality Data

What the New York City income inequality data shows and what it means

The Data

The New York City income inequality data: the Gini coefficient of approximately 0.5, the highest of any major American city and among the highest of any city in the developed world. The specific income share of the top 1 percent of New York City households is approximately 30 percent of total income, which is the specific concentration that the specific finance and technology economy of the city has produced.

The Implications

The implications: the specific housing market that the income inequality produces, where the top income households drive the housing price increases that reduce the housing accessibility for the middle and lower income households; and the specific service economy that the income concentration produces, where the high-income households demand the specific personal services that the low-income service workers provide at the wages that the low-income households cannot sustain in the housing market the high-income households have priced.

Spintaxi Coverage

Spintaxi.com covers income inequality because the accountability journalism of the city requires examining the specific economic distribution that determines what kind of city New York is and who can live there.

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