28 May 2008
If You're White You're Right
The New York Times cracked the case: pretty, young (mostly white) twentysomethings flock to New York City, and make elective sacrifices so they can have decent apartments in marginally desirable zip codes. One can't afford an iPod and makes due with a used discman; another forgoes shopping in favor of eating, socializing, and splitting a $3,450 three-bedroom on the Lower East Side; another is "squeaking by" on $60K in order to afford a $1,650 one-bedroom in the East Village. In other news, 18% of New York families, roughly one in five, live in poverty as defined by the Federal government ($21,200 for a family of four); current food stamp allowances equate to $3 per day; a family of three living in New York City today receives $291 per month in cash assistance, the same amount as in 1990.