The New Poor
As more and more people feel increasingly squeezed by a shriveling economy, poverty is no longer the monopoly of the homeless and hungry. The expanding ranks of the poor in New York City are fueled by downward mobility, where average New Yorkers now struggle just to get by. Against its sprawling skyscrapers, the Big Apple is very much a place of shattered dreams and sedated ambition. Today, a staggering 40 percent of New York City’s population lives in or near poverty.