The Rich Get Richer and the Poor get...More Poor

"We are the 1%"

No, Occupy wall streeters. You're more like roughly the 21%.

.......Awkward.

ANYWAY, I covered the article in the New York Time's called, "Income Data Shows Widening Gap Between New York City's Richest and Poorest". 

Now, pause for a moment while we recognize the uncanny ability of New York Time's writer Sam Roberts to come up with a catchy title...*continued ellipses*

Despite the title being..questionably witty, the content of this article was actually somewhat surprising to me. Since the recession officially ended in 2009 and Mayor Bloomberg has repeatedly conveyed the imminent and "obvious" recovery of New York's economy,  recent data shows that, actually, this politician may be lying. or maybe he's just been given bad information? Surely he wouldn't lie to the city to maintain the job of mayor and keep a reputation?..I digress. 

The percentage difference between the financial eschelons in New York actually got worse this last year(or better depending on which end you look at it from), climbing almost a full percent! A full percent!

Here are the numbers:
The poverty rate is now at 20.9%--up from 20.1% last year.
-Median Household Income: $49, 461--Down $821 from last year (as compared to this # being down $642 nationally
-Median income for the LOWEST fifth (the poor side of town): $8, 844--down $463
-Median income for the highest fifth in town: $223, 285--UP $1, 919
In Manhattan, the numbers are more steep.
The rich brought in an average of $391,022
The poor only $9, 681

The only other city in the nation that reported this steep of an income gap was Clarke County, Ga.
Granted, 1/3 of Clarke County residents are college students. 
^Respect.^

Click HERE to see Sam's article.