The average New Yorker now works harder than ever, for less and less. Poverty in the city has lessened somewhat in the past few years, but in 2016 the official poverty rate was still 19.5 percent, or nearly one in every five New Yorkers. When the “near poverty” rate—those making up to $47,634 a year for a family of four—is thrown in, it means that almost half the city is living what has become a marginal existence, just one paycheck away from disaster.
“Near Poverty” is defined as twice the poverty level.
As it happens, the poverty level is about 50% of median incomes.
So, our intrepid reporter has just discovered that around 50% of people are on less than median income.
Well done, well done.