Although New York City has fared better than the country as a whole, recording smaller increases in poverty and smaller declines in household income, more subtle indicators, like the rise in the number of New Yorkers living in homes without kitchens, underscore the struggles confronting many.
The Census Bureau’s 2009 American Community Survey also found that from 2007 to 2009, the income of single people in the city shrank the most among New Yorkers; the poverty rate edged up among people 15 to 64 years old; both parents were in the work force more often; home values dipped; the share of renters increased compared with owners; more renters were paying over 35 percent of their income on housing; and a smaller share said they owned two vehicles.
...
The results confirmed suggestions by sociologists that the sluggish economy had a broader impact on the way people lived. The proportion of women in the city who had never married crossed the 40 percent threshold in 2009 (men hit 46 percent), the number of women 20 to 34 who gave birth during the preceding year declined, and more people were living with roommates or unmarried partners.
While the poverty rate remained largely unchanged in the city, it rose in New York State to 14.2 percent in 2009 from 13.8 percent in 2008 (according to a different census survey released this month, it climbed in the state to 15.8 percent from 14.2 percent) and in New Jersey to 9.4 percent from 8.8 percent (although New Jersey was among only five states in which the rate was below 10 percent).
...
The proportion of residents receiving food stamps in 2009 rose to 17.2 percent from 14.9 percent in 2008 and 13.3 percent in 2007.
The share with no health insurance declined to 4.5 percent from 5.2 percent, the result of government programs’ picking up the slack.
Home values have plunged by double digits since 2006 in the suburbs, but they have dropped less in the city, to an average of $517,900 in 2009 from $537,600 in 2008. In the Bronx, Brooklyn and Manhattan, they barely changed.
Median household income was lower in 2009 than it was in 2007, dipping in the Bronx to $32,893 from $35,341 and on Staten Island to $66,292 from $69,309. But the median income was unchanged in Brooklyn at $43,166, in Manhattan at $68,706 and in Queens at $55,120. The citywide median was $50,033.
Originally from the pit at Tradesports(TM) (RIP 2008) ... on trading, risk, economics, politics, policy, sports, culture, entertainment, and whatever else might increase awareness, interest and liquidity of prediction markets
Wednesday, September 29, 2010
Census update shows New York City and State households feeling the recession
here. Some excerpts:
Labels:
economy,
employment,
New York,
poverty
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