January 19, 2011

Breaking News: Rich Earn More, Poor Earn Less

[From article]
"New York's top 1 percent -- about 90,000 households -- had average incomes of $3.7 million in 2007, said James Parrot, a Fiscal Policy Institute economist.
That works out to an income of about $10,000 a day -- about what the city's poorest 1 million households earn in a year, Parrot said."

http://www.nypost.com/p/news/local/manhattan/towering_gap_ZtB2eOKBMBSbpMvhoVV9oM

City's extreme rich-poor income divide
By BILL SANDERSON and AMBER SUTHERLAND
New York Post
Last Updated: 3:52 AM, January 19, 2011
Posted: 1:37 AM, January 19, 2011

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