Thursday, December 15, 2011
Wednesday, December 14, 2011
United States of America: Officially a Third World Country
Well, New York City, anyway:
"Independent Budget Office report on New York city income disparity.
"Independent Budget Office report on New York city income disparity.
- The poorest tenth (decile) of the city’s population has an average income of $988, and claim 0.1% of the city’s total income.
- The richest 10% of New Yorkers have 58% of total income, and the richest 5%, 49%.
- The average income of the poorest 30% is $6,373, on a par with Egypt and about $1,200 below China’s.
- The city’s median income—the level at which half the population is richer and half is poorer—is $28,213. That’s roughly the level of Greece.
- The average income of the top 10% (a category that begins at $105,368) is $387,259.
- The average income of the top 1% (a category that begins at $493,439) is $2,247,515.
How does the city’s income distribution compare with that of Brazil, a country with a worldwide reputation for stunning inequality?
- The income of the top 20% of New Yorkers is 64 times that of the bottom 20%. In Brazil, that ratio is 17 times.
- The income of the top 10% of New Yorkers is 582 times that of the poorest 10%. In Brazil, that ratio is 35 times."
Thursday, December 1, 2011
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