To be in the wealthiest 1% of New York City residents, you must have an annual income of at least $713,706.
According to NBC News, “In a city of nearly 9 million people, just 38,002 [New York City] tax filers are in the 1%.
Here are some more interesting statistics regarding the wealth of New Yorkers:
- The average personal income tax paid by New York City’s wealthiest 1% is $107,153.
- In 2016, 25,230 New Yorkers made more than $1,000,000 in personal income.
- In 2016, 1,412 New Yorkers had a personal income of at least $10,000,000.
Note that being a part of the top 1% of earners in New York City requires a much greater income than it does to be a part of the top 1% nationally. Being in the top 1% of earners nationally requires an annual income of $421,926.
- New York City public schools have 114,659 homeless students; a record high.
- “New York City has one of the highest populations of homeless students of any big city in America.”
- “There are more homeless students in New York City than people in Albany.”
- “At 144 [New York City] public schools, a third of the children are homeless.”
- “Tonight, about one out of every 10 students in New York City will sleep in a homeless shelter or in the homes of relatives.”
- Last year was the third consecutive year the number of homeless New York City public school students exceeded 100,000.
- “For every 1,660 homeless students, there’s roughly 1 social worker.”
- “Some students have to travel through two or more boroughs to reach school from their shelters; only about half of the city’s homeless families lived in a shelter in the same borough where their youngest child attended school last year.”
- District 10 in the Bronx has the most homeless children out of the city’s 32 districts. It has 10,804 homeless students.
- District 10 “includes Kingsbridge International High School, where about 44 percent of the students who attended the school over the last four years were homeless at one point.”
- “Last year, students living in a shelter missed an average of about 30 days in the school year.”
- Due to living challenges, homeless students are more likely to struggle at school. In New York City, “in the 2015-16 school year, just 12 percent of students living in shelters passed the state math exam, and 15 percent passed English.”
[SOURCE: The New York Times]
This week, the 9th U.S. Circuit Court Of Appeals ruled that prosecuting homeless people for sleeping outside might be a violation of the United States Constitution’s Eighth Amendment, which bars cruel and unusual punishment.
According to U.S. News, the Portland, Oregon- based appeals court stated that when homeless shelters had too few beds, “sitting, lying and sleeping on the streets was an ‘unavoidable consequence’ of homelessness, and it would be an Eighth Amendment violation for cities to punish that conduct when their shelters had too few beds.”
The court also stated that : “As long as there is no option of sleeping indoors, the government cannot criminalize indigent, homeless people for sleeping outdoors, on public property, on the false premise they had a choice in the matter.”
The Department of Housing and Urban Development filed a legal complaint against Facebook stating that the social media network allows landlords and home brokers to place ads on their site based on “gender, disability, religion, and physical location.” [SOURCE: Newsy]
HUD states that this is violation of The Fair Housing Act, which “prohibits discrimination in housing transactions including print and online advertisement on the basis of race, color, national origin, religion, sex, disability, or familial status.”