Poverty rates in New York City in 2018 fell to an all-time low of 17.3%, according to new data collected by the Federal Government’s largest survey, the American Community Survey (ACS) of the Census Bureau, reported Tuesday Bill de Blasio, mayor of the city.
The new figure represents 3.6 percentage points of decline since 2013, when it was 20.9%, for the most populous city in the United States, with 8.5 million inhabitants.
The independent organization Community Service Society explains that in 2018, 1,400,000 people lived in New York City below the poverty level of $25,456 per year per family of four.
It is also the lowest rate recorded since the survey began in 2006, according to De Blasio, who attributes the improvement to the policies he has put in place.
The poverty rate for 2017 was 18 percent.
According to the data, the poverty rate for New York’s children has been declining from 29.8% in 2013 to 23.8% last year. In 2017 it was 25.2 per cent.
The data also show that between 2013 and 2018 New York also experienced a growth of 13% in average household income, 8% in median income and a rise of half a million jobs.
By ethnic group, Latinos are the most affected and 24.2 percent of them are below the poverty level, followed by African Americans with 20 percent.
“I was elected with the promise of ending the tale of two cities, and that’s what we’ve invested the past five years in,” De Blasio said.
When he was sworn in, he promised a mandate against inequality and that New York would be “one city,” without social and economic differences.
“Poverty in New York City is at an all-time low. From fighting for $15 an hour to guaranteeing a Pre-K for every child to paying sick leave, we’re putting the money in the hands of working families and creating a fairer city for everyone,” he said.
De Blasio also made it one of his mandate goals to lift 800,000 people out of poverty or out of the poverty line.