THE GROWING CRISIS
NEW YORK STATE | A Tale of Two Realities
THE PROSPEROUS
NEW YORK
Where a Few Ultra-Wealthy Thrive
128 Billionaires
With over three-quarters of a TRILLION dollars in wealth
$2,600,000
Average annual income of the top 1% of New Yorkers
AND NEW YORK'S ULTRA-WEALTHY ARE GETTING MUCH WEALTHIER
+$332 billion
+ 74%
How much the 128 billionaires in New York grew their wealth in the last seven years (since the 2017 tax cuts).
+15,000
+24%
The number of New York millionaires in the past three years.

TOP 1% OF NEW YORKERS
35 %
OF ALL INCOME IN OUR STATE
Some more signs of ultra-wealth growth in New York:

0
Increase in +10M real estate residential sales in the past three years.

0
Increase in the number of ultra-tall luxury residential towers in NYC in the past 10 years.
THE OTHER NEW YORK
Where working families struggle and poverty is on the rise.
$49,000
Average income of 99% of New Yorkers. That's 19 million of us.
760,862
New York children who live in poverty. That's one-in-five children.
THE MIDDLE-CLASS SQUEEZE
Costs are increasing and household incomes are not keeping pace.
+59%
How much transportation and housing costs have increased for middle-class families over the past 10 years.
+121%
The amount healthcare costs have increased for middle-class households in the last two decades.
The average family now pays $26,355 annually for healthcare coverage – nearly 56% of a typical family's income.
POVERTY IS WIDESPREAD
In a state where the elite few prosper, poverty is widespread and deep.
46%
Of NY households struggle to meet their basic needs.
+53%
How much homelessness increased in New York state in the last two years - more than four times the rate in the rest of the nation.
THE SCALE OF INEQUALITY
$69,490,00
$74,510,406
Annual average income of the top .01%
$2,600,000
$2,600,000
Annual average income of the top 1%
$60,000
$60,000
Approximate median household income for everyone else.
(The 99%)