Income Inequality – New York City

More earners at extremes in New York than in U.S., By Patrick McGeehan, May 20, 2012, New York Times: “The wealthiest 1 percent of New York City residents took in nearly one-third of the personal income in the city in 2009 – almost double the comparable proportion nationwide, a new study shows. In a report scheduled to be released on Monday, the city comptroller’s office found that large percentages of New Yorkers earned high incomes and low incomes, leaving a smaller middle class than in the nation as a whole…”