If you ever read the real estate section of The New York Times, there’s a section on page 2 called “Big Ticket”…it’s the place where you can read about the most expensive sale of the week, and that usually means something around $30-$40 million. Well, then, no wonder the gap between rich and poor in Manhattan is tops in the country.
The mean income of the top 5 percent of households in Manhattan soared 9 percent in 2013 over 2012, giving Manhattan the biggest dollar income gap of any county in the country, according to data from the Census Bureau.
The top 5 percent of households made $864,394, or 88 times as much as the poorest 20 percent, according to the Census Bureau’s American Community Survey, which is being released Thursday and covers the final year of the Bloomberg administration.
Appalling. But, not surprising if you pay attention.
