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Executive Summary
This year’s Center for Economic Opportunity (CEO) report on poverty in NewYork City reflects a turning point. Our two prior annual reports documented the growing importance of the socialsafety net at a time when the job market was contracting and earned income wasin decline. For many low-income families, the distance between their earnings and the poverty line widened.At the same time the safety net expanded, filling some, but not all, of the gap.As a consequence, from 2008 to 2010, the City poverty rate rose.
The 2011 data we present in thisreport coincide with a shift in the economic environment.After a two-year fall, the proportion of working age NewYorkers holding a job rose.Although annual earnings did not rise for families vulnerable to poverty, their recession-related decline was arrested.The stabilization in earnings along with expanded tax initiatives(especially the payroll tax cut that took effect in 2011) and a continuing increase in enrollment in the Food Stamp program pushed our broad measure of family resources higher.The increase was large enough to offset the year-to-year rise in the CEO poverty threshold.As a result, the 2011 CEO poverty rate, 21.3 percent, isstatistically unchanged from the prior year, when itstood at 20.9 percent.
Over the 2005 to 2011 period covered in thisreport, changesin the CEO poverty rate reflect, to a large degree, trendsin employment and earned income in the City.The poverty rate fell from 2005 to 2008, when the local economy was expanding.After the Great Recession took hold of the City economy in 2008, the poverty rate rose.As Figure One illustrates, the trend in the CEO poverty rate is paralleled by the trend in the official poverty rate. This on-the-surface similarity masks many important differences between the CEO and official poverty measures.The first part of the Executive Summary reviewsthem.We then turn to the report’s key findings.
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Over the 2005 to 2011 period covered in thisreport, changesin the CEO poverty rate reflect, to a large degree, trendsin employment and earned income in the City.The poverty rate fell from 2005 to 2008, when the local economy was expanding.After the Great Recession took hold of the City economy in 2008, the poverty rate rose.As Figure One illustrates, the trend in the CEO poverty rate is paralleled by the trend in the official poverty rate. This on-the-surface similarity masks many important differences between the CEO and official poverty measures.The first part of the Executive Summary reviewsthem.We then turn to the report’s key findings.
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Número ainda pode aumentar com corte de benefícios sociais anunciado pelo governo em março
Quase metade dos moradores de Nova York, cidade mais populosa dos Estados Unidos, vive próxima da linha da pobreza. A informação foi divulgada na semana passada pelo centro oficial de pesquisa da prefeitura nova-iorquina, com base em dados e indicativos sociais coletados durante os anos de 2005 e 2011.
Os dirigentes de Nova York classificam como pobre uma família composta por, no mínimo, dois adultos e dois dependentes cuja renda chegue até 30.949 dólares por ano. O levantamento revela que 46% da população da cidade – estimada em 8,175 milhões de habitantes – vive abaixo ou próxima desse valor.
