Top Leaderboard, Site wide
August 1, 2014
Truthdig: Drilling Beneath the Headlines
Help us grow by sharing
and liking Truthdig:
Sign up for Truthdig's Email NewsletterLike Truthdig on FacebookFollow Truthdig on TwitterSubscribe to Truthdig's RSS Feed

Newsletter

sign up to get updates


Hydropower Illuminates a Piece of History






Truthdig Bazaar
A Prayer for America

A Prayer for America

By Dennis Kucinich
$11.95

Appetite for Self-Destruction

Appetite for Self-Destruction

By Steve Knopper
$19.76

more items

 
Ear to the Ground

NYC: Where Bonuses Rise, and The Working Poor Still End Up Homeless

Email this item Email    Print this item Print    Share this item... Share

Posted on Mar 14, 2014

othermore (CC-BY-SA)

In New York City in 2013, Wall Street bonuses jumped 15 percent. “The average bonus rose to $164,530 ... in 2013, with total bonus payments rising to $26.7bn,” the BBC reported this week, citing a statement by New York State Comptroller Thomas P. DiNapoli.

Although the sky may be the limit for a select few, the outlook is far bleaker for a growing number of New York City’s poor. New York homeless shelters are facing record demand with an average of more than 50,000 people staying there per night. This figure, which includes 22,712 children, represents a 7 percent increase from January 2013 to January 2014. But the problem, according to a report released by the Coalition for the Homeless, isn’t always about joblessness (via The Guardian):

Also alarming is the number of people who have jobs, but no home. The report found that more than one in four homeless families in city shelters is headed by a working adult; and one of every six homeless single adults is employed. According to city data, the number of working homeless people has increased by 57% from November 2010 to July 2013.

The report blames the city’s homeless crisis on a combination of factors. It cites the “disastrous homeless policies” implemented by then-mayor Michael Bloomberg; the city’s worsening housing affordability; and the growing income inequality gap.

The Coalition for the Homeless report also includes some suggestions for New York City’s new mayor, Bill de Blasio, such as restoring long-term housing subsidies and finding new ways to create more permanent housing solutions. De Blasio has pledged to “preserve or construct nearly 200,000 units of affordable housing.”

—Posted by Donald Kaufman. 

More Below the Ad

Advertisement

Square, Site wide

New and Improved Comments

If you have trouble leaving a comment, review this help page. Still having problems? Let us know. If you find yourself moderated, take a moment to review our comment policy.

 
Right 1, Site wide - BlogAds Premium
 
Right 2, Site wide - Blogads
 
Join the Liberal Blog Advertising Network
 
 
 
Right Skyscraper, Site Wide
 
Join the Liberal Blog Advertising Network
 

A Progressive Journal of News and Opinion   Publisher, Zuade Kaufman   Editor, Robert Scheer
© 2014 Truthdig, LLC. All rights reserved.