Half of NYC is Poor [View all]

[LiberalElite]

http://gawker.com/5995175/half-of-new-york-city-is-poor

In a study that surprises almost no one, the Bloomberg administration has found that half of New York City residents are "poor" or "near-poor" meaning that they were "making less than 150 percent of the poverty threshold." This is a small rise in the amount of poor from 2009, when the recession officially ended. But as New York City has made abundantly clear, the recovery has not been shared by all (or even many).

The city, in its analysis, recommended against cutbacks to vital public assistance programs, like tax credits and food stamps. These programs are having their budgets cut at the federal and state level, as Washington, and Mayor Bloomberg himself endorses austerity measures in the face of a still-sluggish economy.