SUHAIL BHAT: Poverty – Trends To Watch For The Future Of NYC

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THE CITY: The start of 2022 marks a point of transition between Bill de Blasio’s eight years in charge of New York City and the arrival of Mayor Eric Adams. A mostly new City Council also just took office.

Before the coronavirus pandemic ravaged New York City and spurred double-digit unemployment rates, poverty was on the decline.

The 2019 rate of 17.9% was the city’s lowest since the count began — down from 20.7% in 2013, the year before de Blasio took office.

Poverty dropped as the city economy boomed, reaching a record 4.6 million jobs in 2019, coinciding with a rise in the minimum wage to $15 an hour. De Blasio released the 2019 figures in December 2021, weeks before leaving City Hall.

Every borough saw a decline in poverty between 2013 and 2019 — save one....

https://www.thecity.nyc/2022/1/3/22865699/poverty-trends-future-nyc

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