Rents Rose, But So Did Poverty
“Crime is plummeting, the population is rising, and rents continue to climb. Yet despite these indicators that the city is in good economic health, New York City’s poverty rate has reversed its earlier decline and has nearly returned to year 2000 levels, according to a report by the Furman Center released Wednesday. Poverty concentration—a measure of the number of low-income New Yorkers living in low-income neighborhoods—has also reversed its earlier progress.”