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” 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 earned $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.
“ The recovery seems to be going to those at the top, much more than those in the middle, while those at the bottom may even be losing ground,” said Andrew A. Beveridge, a sociologist at Queens College of the City University of New York. He attributed the disparity to the surging costs of housing and the lack of housing subsidies and other forms of public assistance available to many needy families.
The wealthiest New Yorkers are benefiting in part from the rise of the financial industry, including hedge funds and investment banks, which has helped lift the income of the most affluent households to levels reached before the recession. The recession lasted roughly from 2007 to mid-2009.
For all of New York City, median household income rose to $52,223 from $51,640, still well below the $55,307 recorded in 2008. Among racial and ethnic groups, non-Hispanic whites had the highest median income at $75,145, while Hispanics had the lowest income at $36,196. Household income climbed in every borough except Staten Island.”
While the rest of the people suffer through this years long “recovery” the cronies of the democratic “party of the people” continue to amass a larger share of the wealth . Here is a breakdown of political contributions in the state of New York by county from Open Secrets . The counties that make up NY City have been highlighted in red .
Albany |
$832,453 |
$383,191 |
$182,555 |
65% |
31% |
Allegany |
$358,232 |
$5,150 |
$321,455 |
2% |
107% |
Bronx |
$924,489 |
$491,981 |
$259,147 |
63% |
33% |
Broome |
$239,018 |
$80,235 |
$84,933 |
47% |
50% |
Cattaraugus |
$246,716 |
$99,125 |
$116,425 |
43% |
51% |
Cayuga |
$29,384 |
$11,300 |
$4,200 |
73% |
27% |
Chautauqua |
$65,337 |
$17,533 |
$23,540 |
41% |
56% |
Chemung |
$100,828 |
$25,318 |
$43,720 |
34% |
59% |
Chenango |
$52,544 |
$5,675 |
$15,318 |
27% |
73% |
Clinton |
$88,266 |
$55,160 |
$10,443 |
77% |
15% |
Columbia |
$159,884 |
$49,484 |
$81,913 |
33% |
55% |
Cortland |
$51,948 |
$1,230 |
$41,350 |
3% |
97% |
Delaware |
$16,977 |
$1,170 |
$13,040 |
8% |
89% |
Dutchess |
$1,784,367 |
$802,868 |
$238,474 |
76% |
23% |
Erie |
$2,181,003 |
$727,933 |
$855,811 |
44% |
52% |
Essex |
$46,639 |
$29,314 |
$10,792 |
71% |
26% |
Franklin |
$41,397 |
$35,133 |
$2,050 |
93% |
5% |
Fulton |
$18,545 |
$3,300 |
$7,500 |
31% |
69% |
Genesee |
$53,296 |
$1,430 |
$20,125 |
5% |
67% |
Greene |
$33,729 |
$12,214 |
$18,825 |
39% |
60% |
Hamilton |
$2,350 |
$0 |
$1,100 |
0% |
100% |
Herkimer |
$11,248 |
$750 |
$8,840 |
8% |
92% |
Jefferson |
$58,041 |
$26,620 |
$24,067 |
53% |
47% |
Kings |
$3,438,912 |
$2,348,115 |
$557,592 |
78% |
18% |
Lewis |
$6,207 |
$300 |
$3,750 |
7% |
93% |
Livingston |
$35,399 |
$14,100 |
$14,800 |
47% |
49% |
Madison |
$552,482 |
$174,930 |
$112,349 |
60% |
38% |
Monroe |
$1,337,043 |
$360,273 |
$404,245 |
45% |
50% |
Montgomery |
$54,773 |
$31,706 |
$4,641 |
87% |
13% |
Nassau |
$9,210,840 |
$4,908,779 |
$2,562,665 |
63% |
33% |
New York |
$95,166,048 |
$32,967,225 |
$18,250,397 |
62% |
34% |
Niagara |
$137,591 |
$22,160 |
$62,208 |
25% |
69% |
Oneida |
$248,758 |
$26,426 |
$160,517 |
14% |
86% |
Onondaga |
$954,560 |
$370,729 |
$338,036 |
52% |
47% |
Ontario |
$270,380 |
$105,737 |
$56,580 |
61% |
33% |
Orange |
$485,413 |
$158,788 |
$169,341 |
48% |
51% |
Orleans |
$5,941 |
$250 |
$700 |
26% |
74% |
Oswego |
$23,659 |
$7,715 |
$9,200 |
45% |
54% |
Otsego |
$80,360 |
$30,635 |
$27,936 |
50% |
46% |
Putnam |
$254,789 |
$161,381 |
$46,776 |
78% |
22% |
Queens |
$2,017,775 |
$1,319,483 |
$214,036 |
83% |
13% |
Rensselaer |
$81,218 |
$25,599 |
$16,415 |
58% |
37% |
Richmond |
$646,894 |
$245,350 |
$291,433 |
45% |
54% |
Rockland |
$686,287 |
$289,070 |
$248,210 |
54% |
46% |
Saratoga |
$591,700 |
$119,103 |
$289,534 |
28% |
69% |
Schenectady |
$172,619 |
$32,170 |
$74,433 |
30% |
68% |
Schoharie |
$22,100 |
$4,375 |
$9,825 |
30% |
68% |
Schuyler |
$17,857 |
$5,894 |
$6,860 |
44% |
52% |
Seneca |
$23,275 |
$18,075 |
$3,050 |
86% |
14% |
St Lawrence |
$70,106 |
$18,754 |
$8,039 |
70% |
30% |
Steuben |
$268,910 |
$75,518 |
$121,175 |
32% |
52% |
Suffolk |
$7,121,374 |
$1,765,721 |
$1,313,877 |
56% |
42% |
Sullivan |
$93,515 |
$35,399 |
$48,207 |
42% |
57% |
Tioga |
$31,489 |
$10,860 |
$4,550 |
70% |
30% |
Tompkins |
$761,230 |
$622,917 |
$39,181 |
92% |
6% |
Ulster |
$307,856 |
$207,806 |
$61,191 |
77% |
23% |
Warren |
$102,985 |
$25,107 |
$55,520 |
30% |
67% |
Washington |
$32,751 |
$11,360 |
$8,480 |
51% |
38% |
Wayne |
$45,227 |
$12,067 |
$13,150 |
48% |
52% |
Westchester |
$13,844,798 |
$6,196,725 |
$3,578,224 |
61% |
35% |
Wyoming |
$11,063 |
$750 |
$3,180 |
19% |
81% |
Yates |
$19,500 |
$5,600 |
$10,992 |
32% |
62% |
” These figures show county-by-county breakdowns of all contributions of $200 or more to federal candidates, parties, PACs, and outside spending organizations (including super PACs). The party breakdown shows how much went to Democratic and Republican candidates, parties and “leadership PACs.” Where party percentages don’t add up to 100 percent, the rest went to outside spending organizations, third parties or independents. The overall total also includes contributions to corporate, labor and ideological PACs that are not affiliated with either party. Totals are based on contribution data from the Federal Election Commission released electronically on August 19, 2014.
Feel free to distribute or cite this material, but please credit the Center for Responsive Politics. For permission to reprint for commercial uses, such as textbooks, contact the Center.”
Is it any wonder why Obama considers Manhattan his own personal piggy bank ? Remember that the last time a Republican won the electoral votes of New York was in 1984 .
NY Times
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