City Lab spotted a collection of telling charts that aim to quantify Manhattan's problem income inequality problem, which has only grown more acute over time. Sociologist Andrew Beveridge presented a slate of graphics at a conference last week, noting that incomes across the country have increased since the 1990s, but recently those figures have dipped again. While all of New York City experienced the same rise and fall, Manhattan only saw "consistent gains." The chart above tries to show incomes in the city's five boroughs as compared to the U.S. as a wholeagain, Manhattan is a standout. (Makes sense, since people are now just buying apartments that cost $100 million and $91.5 million.)
Above, each line represents a different quintile in the incomes of American households. The top 20 percent, earnings wise, has increased more sharply compared to the lower income brackets. While this data isn't New York-specific, it is showing that the rich are getting richer. And those richest of the rich? Many of them live in New York City, of course.
· Highlights from Beveridge's Talk on Inequality at the New York Law School [Social Explorer]
· Manhattan's Towering Income Inequality, in 2 Charts [City Lab]
· NYC Is No Longer the No. 1 City for the Super-Wealthy [Curbed]