September 16, 2010. The Census Bureau today released state-level data showing that the poverty rate in New York State rose dramatically from 14.2 percent in 2008 to 15.8 percent in 2009. The number of New Yorkers in poverty jumped by 284,000 to a little over three million. Only once since 1980 – from 1989 to 1990 – has the poverty rate risen more than it did in 2009. The new data also show that 2009 brought a large increase in … (read more)
Income distribution, inequality and poverty
September 5, 2010. While New York and the nation have begun to see some modest job growth, unemployment rates remain unacceptably high and recovery is not yet helping most New York workers. New York is hardly unique; from December 2007 through December 2009, the state lost 250,000 jobs, a 2.8 percent job decline. Forty states had even worse job performance over that period. Those with managerial/professional occupations are earning more in New York City, while those in non-managerial/non-professional occupations are … (read more)
July 8, 2010. FPI’s Michele Mattingly blogs in the Huffington Post, pointing to “a stark future for the city if most of its largest occupations do not pay median wages that allow an adult employed full-time to meet basic needs, let alone to support a family … too many of New York’s jobs simply do not pay enough for workers to raise themselves and their families to a modest standard of living.”… (read more)
June 29, 2010. As New York recovers from the current recession, long-term economic prosperity will require responsible planning that puts all New Yorkers on the path to self-sufficiency.
- What does it take to make ends meet in New York without public or private assistance?
- How can we measure income adequacy?
The Self-Sufficiency Standard published here answers these questions, using the best tools available to set out practical levels of economic security for New York families and individuals. The Self-Sufficiency Standard … (read more)
September 16, 2009. This edition of the State of Working New York is released as the country hobbles through the worst economic crisis – the steepest economic drop and the longest period of job loss – since the 1930s. We are in the midst of what’s been justly termed “The Great Recession.”
Over 850,000 New Yorkers are unemployed. The state’s official unemployment rate is 8.6 percent as of July 2009 – the most recent data available – and it is … (read more)
April 30, 2009. Testimony presented by chief economist James Parrott to the Rent Guidelines Board. Three points: this is the worst recession since the Great Depression with sharply higher unemployment; inflation-adjusted wages and incomes are falling for most New York families; and housing costs are placing an enormous burden on New York City working families.… (read more)
August 28, 2008. Job losses rise, straining state unemployment insurance. Unemployment is up by 56,000 in the first half of 2008; in 25 counties, the increase is over 20 percent. New York’s projected budget gaps have received considerable attention in Albany; the state’s growing unemployment is the other crisis to which Albany must also turn its attention.
August 26, 2008. FPI’s look at new Census data for New York: no progress on poverty and family incomes since the 2001 recession; fewer New Yorkers are now uninsured but 2.5 million still lack health insurance. Includes figures for larger counties, cities and towns, as well as New York’s standing among the 50 states. Release with data >>… (read more)
Latest IRS Data Reveal Fundamental Mismatch Between New York’s Income Distribution and Its Tax System
August 6, 2008. New data from the Internal Revenue Service bolster the case for a high-end income tax surcharge in New York. New York is one of ten states that have income distributions that particularly favor the wealthy few – while the progressivity of the state income tax has been weakened since the 1990s. With the state facing a budget deficit and political leaders seeking a way to pay for effective and immediate property tax relief, this is especially timely … (read more)