middle class

“Middle-income residents — already a smaller percentage of the population here than the national average — are seeing incomes shrink and opportunities decline. Even as New York’s GDP increased by nearly 50% between 1990 and 2007, the average wage stayed flat, at about $16 an hour. And the share of income received by the middle 45% of New Yorkers, defined as those drawing incomes between $29,000 and $167,000, plunged by 19%.” – Why I got out of New York City