A report from Columbia University and Robin Hood reveals that 25% of New York City residents struggle to afford necessities such as housing and food. The percentage of New Yorkers living in poverty nearly doubled the national average in 2023, largely due to the end of temporary pandemic support. Governor Kathy Hochul and Mayor Eric Adams are responding to this affordability crisis, but experts emphasize that it's a challenge fueled by systemic inequalities and significant wealth disparity within the city. Notably, poverty rates are disproportionately higher among Black, Latino, and Asian populations compared to white residents.
According to a report by Columbia University and Robin Hood, a quarter of New York City residents lack sufficient funds for basic necessities like housing and food.
The share of New Yorkers experiencing poverty rose to nearly double the national average in 2023, fueled by the loss of pandemic-era government assistance.
Richard Buery Jr., chief executive of Robin Hood, stated, 'These are entirely human-made problems,' emphasizing the stark contrast between the city's wealth and its pressing needs.
Poverty rates were notably higher among Black, Latino and Asian residents, who faced rates approximately twice as high as their white counterparts, highlighting systemic inequalities in the city.
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