Home » The end of federal government aid due to the pandemic leaves half a million new poor people in New York | Society

The end of federal government aid due to the pandemic leaves half a million new poor people in New York | Society

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The end of federal government aid due to the pandemic leaves half a million new poor people in New York |  Society

New York, the city of billionaires and stratospheric cost of living, is also home to a growing number of residents living in poverty, according to a new report from Columbia University and the NGO Robin Hood. The report, which provides a dynamic and evolutionary perspective of poverty in the city, has found that almost two million residents, including one in four children, were living in poverty in 2022. This represents an increase of half a million people compared to the previous year, marking the largest increase in a single year in a decade.

The end of government aid to mitigate the pandemic has been identified as the fundamental cause of this increase in poverty. According to the study, 23% of the city’s residents lived in poverty in 2022, compared to 18% in 2021. The pandemic and subsequent inflation have put a quarter of the city’s total population on the ropes.

The report also highlights the impact on children, with 600,000 minors living in poverty in 2022. There has been a sharp setback compared to 2021, when the expansion of the federal child tax credit program reduced child poverty in the city by 30%. The aid ended in September 2021, as Congress did not extend the benefits.

Inequality continues to persist, with poverty affecting 39% of Latinos and 33% of African Americans, compared to 18% of whites. The report also points to gender disparities, with women more likely than men to be unable to meet their basic needs.

The high cost of living in New York has also been exacerbated by the decrease in municipal aid to the free preschool program, known as K, making it difficult for parents to make ends meet and compromising the education of children.

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The study also highlights the uneven recovery in employment, particularly in low-paid sectors, which has contributed to the persistence of poverty among minorities. The retail sector, which employs a majority of Black, Latino, and Asian workers, lost more jobs than any other sector, further exacerbating the disparities.

Overall, the report paints a grim picture of poverty in New York City and underscores the urgent need for measures to address the growing inequality. The findings serve as a wake-up call for policymakers to prioritize the well-being of the most vulnerable residents and take concrete steps to address the root causes of poverty in the city.

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