Income distribution, inequality and poverty

Media coverage of FPI’s research on inequality during the NYC mayoral campaign

October 9, 2013. Income inequality has emerged as a major issue in the 2013 New York City mayoral campaign, and media coverage has frequently included mention of FPI’s research on income polarization.

FPI’s work featured prominently in a special issue of The Nation devoted to The Gilded City in April, with several graphics based on FPI’s research. The lead article in The Nation’s special issue featured FPI’s latest estimates of the share of income in New York State and City … (read more)

While Some Improvement Crept in during 2012, NYC’s Family Incomes and Poverty Status are Still Much Worse than before the Recession

September 20, 2014. The latest data from the Census Bureau for 2012 show that while NYC median family incomes and poverty stabilized last year, we are still a very long way from undoing the deterioration caused by the 2008-09 recession. Most NYC families have been battered by the recession and the historically weak recovery. Adjusted for inflation, median family incomes dipped slightly in 2012 (but not significantly) and are $3,800 or 6.5% below the 2008 level. Nationally, inflation-adjusted median … (read more)

Children in upstate cities are the losers as poverty remains high in New York

September 19, 2013. Poverty remained high at 16 percent and incomes stagnant in New York last year, showing the continuing pain of the recession and underscoring the need for New York to do more to help struggling people and give them the tools to lift themselves out of poverty. Over 3 million people in New York lived under the federal poverty level in 2012 when no statistically significant change in the overall poverty rate occurred from 2011, according to new … (read more)

Family Poverty in New York State

September 19, 2013. The statewide family poverty rate (i.e., the percentage of families with incomes below the poverty level) in New York State was virtually the same in 2012 (12.2%) as in 2011 (12.3%). These poverty rates were greater, to a statistically significant degree, than New York State’s family poverty rate of 10.3% in 2007, the year before the onset of the Great Recession in December 2007 nationally and in New York State in the Spring of 2008.

The statewide … (read more)

Patterns of Income Polarization in New York City

August 13, 2013. “Patterns of Income Polarization in New York City,” is a presentation given by James Parrott at a session of the American Sociological Association Annual Meeting held in New York City.… (read more)

The Next NYC Mayor’s Biggest Economic Challenge: Promoting Equitable Growth

August 12, 2013. “Promoting Equitable Growth” was the answer FPI’s James Parrott gave to the question, “What is the biggest economic challenge facing the next mayor of New York City?” Parrott’s response appeared recently in The New York Times’ “Room for Debate” on-line feature. Noting that income polarization is “America’s greatest challenge,” Parrott proposed that “The next mayor needs to infuse a growth agenda with recognition that more New Yorkers should share in the prosperity that results when individual efforts … (read more)

Nearly half of seniors, including a majority of elderly blacks and Hispanics, are on the cusp of poverty, a new Economic Policy Institute report finds.

June 6, 2013. In a new briefing paper released today by the Economic Policy Institute, the report finds that 52.0 percent of New York seniors are at risk. See FPI’s press release below.

Contact: James Parrott, Deputy Director and Chief Economist, 212-721-5624 (desk), 917-880-9931 (mobile)

New report: http://www.epi.org/publication/economic-security-elderly-americans-risk

52% of New York seniors are economically vulnerable, the fifth highest among all states.

House Budget Committee Chairman Paul Ryan’s Medicare proposals would put many more seniors at economic risk.

Having to … (read more)

The Gilded City of New York

April 18, 2013. In a special issue of The Nation that includes over 20 stories about New York City under Mayor Bloomberg, a picture is painted of a two-tiered urbanism. The lead story by The Nation’s editors describes the heightened income polarization in New York City and cites data from various FPI analyses, including Pulling apart: The continuing impact of income polarization in New York State.

Here is New York in 2013: a city of dazzling resurrection and official … (read more)

Different View of NY’s Inequality Numbers

March 11, 2013. A letter to the editor by James Parrott, Crain’s New York Business.

Greg David’s March 4 column (“Inequality debate doesn’t reflect reality”) could have been titled “Economists agree NYC’s inequality is very high and poverty is up; some think it’s a problem.”

Fiscal Policy Institute reports have documented this reality: The local economy has fared better than the nation overall in the recovery, yet inflation-adjusted median incomes here have plummeted by 8%, more than for the U.S. … (read more)

Pulling apart: The continuing impact of income polarization in New York State

November 15, 2012. A new report from the Fiscal Policy Institute shows that various income measures all point toward the same conclusions:  In recent years, polarization has intensified; and New York has been one of the national leaders in this undesirable trend. The top one percent share of income dipped during the recession, but has started to rise again in the recovery. Further, no state is more polarized than New York and no large city is more polarized than New … (read more)