| It IS Different Now! "New York City's poverty rate pushed nearly half of the city's population into the ranks of the poor or near-poor in 2011, according to an analysis by the Bloomberg administration. That year, according to the city's measure, about 46 percent of New Yorkers were making less than 150 percent of the poverty threshold, a benchmark used to describe people who are not officially poor but who still struggle to get by. That represents a rise of more than three percentage points since 2009, when the nation's recession officially ended....The city's analysis warned that cutbacks in federal programs could threaten any recovery and place pressure on the next mayor to maintain or expand public assistance.Without food stamps alone, the city's poverty rate would have soared by 3.6 percentage points, to nearly 25 percent." |
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