Thursday, January 09, 2014


[IWS] THE CONCENTRATION OF WEALTH IN NEW YORK CITY: Changes in the Structure of Household Income by Race/Ethnic Groups and Latino Nationalities 1990 - 2010 [7 January 2014]

IWS Documented News Service


Institute for Workplace Studies----------------- Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor---------------------- Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau



Center for Latin American, Caribbean & Latino Studies

Graduate Center

City University of New York


The Concentration of Wealth in New York City: Changes in the Structure of Household Income by Race/Ethnic Groups and Latino Nationalities 1990 - 2010 [7 January 2014]

Laird W. Bergad

[full-text, 59 pages]



Executive Summary


This study examines the concentration of wealth in New York City between 1990 and

2010 using data on household income from the U.S. Census Bureau.3 It measures

income-earning categories in two separate ways. First, by examining the percentile

distribution of wealth – that is the upper 1%, 5%, 10% and 20% of household income

earners and the percentage of total wealth these households control, as well as all

percentile categories in 10% intervals. Second, it examines households in different

actual income categories, such as those earning over $100,000, and how much of the

total City’s wealth they control.4 Additionally, the gini index or coefficient, and how it

changed from 1990 to 2010, is used as an indicator of the process of wealth

concentration in the City.5


The data indicate an extraordinary, and growing, concentration of wealth in the City at

large and among each major race/ethnic group, as well as among the five largest Latino

national subgroups. The upper 20% of all household income earners in the City

controlled 48% of total household income in 1990 and 54% in 2010. Over the same

period the lower 20% of all households experienced a slight decline of from 3.3% to 3%

of the City’s total household income.






This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.



Links to this post:

Create a Link

<< Home

This page is powered by Blogger. Isn't yours?