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A Tale Of Two New York Cities: The Rich And The Hungry

Tyler Durden's picture




 

New York's apparent success as a financial and cultural center of the world (and anchor for the liquidity flood of the world's central banks via bank er bonuses) has an ugly side. The inflationary impact of the extremely wealthy is squeezing food prices to the point that many low income families simply cannot afford to eat. A dismally real picture of the situation in New York is exposed in a report by Food Bank NYC - One City, Two Realities. As The Daily News notes, many of the report’s findings are truly worrisome. For instance, between 2011 and 2012, the percentage of households with annual income below $25,000 that had trouble affording food increased a whopping 30%, with 70% of these households with kids reported difficulty affording 'needed' food. NYC's unemployment rate remains well above the nation's average and 54% of those are struggling as according to the Food Bank, “low [no] income families are making the difficult decision to reduce the nutritional quality of their meals by purchasing less expensive and unhealthy foods in order to afford the mandatory expenses that would keep a roof over their heads.” Participation in government food assistance programs continues to rise, and demand for emergency food programs continues to intensify as 54% expect to need assistance (SNAP) in the next 12 months.

Food costs are surging in NYC...

 

and while it is dropping, unemployment remains well above average in NYC...

 

leaving the divide between those who have and those who strugle to afford food growing ever wider (h/t Banzai)

 

Via Daily News:

New York City has a well-deserved reputation as the country’s financial and cultural center — and that’s great.

 

What is not so great is that, for a growing number of its residents, simply surviving in New York has become an increasingly difficult proposition.

 

As shown by a report issued last year by the city controller, the so-called “Capital of the World” is also the capital of income distribution inequality in the nation.

 

...

Even though the research precedes superstorm Sandy, this year’s NYC Hunger Experience report (below) reveals a tale of two cities, wherein the struggles of low-income and unemployed New Yorkers to keep food on the table have intensified even as the circumstances continue to improve for those who are better off.

 

“Now, we have the additional hardships brought about by Sandy,” Stampas said.

 

Many of the report’s findings are truly worrisome. For instance, between 2011 and 2012, the percentage of households with annual income below $25,000 that had trouble affording food increased a whopping 30%, though the total number of city residents who reported difficulty affording food in the same time period actually decreased by 9%.

 

No less serious is that, according to the Food Bank, “low income families are making the difficult decision to reduce the nutritional quality of their meals by purchasing less expensive and unhealthy foods in order to afford the mandatory expenses that would keep a roof over their heads.”

 

Not surprisingly, low-income residents — especially Latinos and African-Americans, women and the unemployed — are more likely to experience difficulty affording the basics than other groups.

 

The picture painted by the report is nothing short of alarming:

  • The percentage of unemployed New Yorkers reporting difficulty soared from 41% in 2011 to 54% in 2012. To make matters worse, the city’s unemployment rate continues to trump the national average.
  • As of last November, the city’s unemployment rate was 8.8% (approximately 351,000 people), compared to 7.8% (approximately 12.2 million people) in the country as a whole.
  • In fact, the report adds, three years after economists declared the end of the Great Recession in 2009, unemployment rates in the city have yet to recede to pre-recession levels. Participation in government food assistance programs continues to rise, and demand for emergency food programs continues to intensify.

 

Again, not a pretty picture.

...

Full Report Below:

NYC Hunger by xxyyxxyy123123

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Thu, 01/17/2013 - 22:47 | 3165023 AccreditedEYE
AccreditedEYE's picture

What the hell did you expect? Of course this is the case. We're not going back to the "old normal", we're moving into the "Newer New Normal".

Thu, 01/17/2013 - 22:48 | 3165029 Larry Dallas
Larry Dallas's picture

Cuomo needs to feed his poor voters. Why he's fucking around with gun laws and legistation is beyond me. Perhaps is fraud chef girlfriend Sandra Lee can whip something up for these poor?

Thu, 01/17/2013 - 23:11 | 3165090 earnyermoney
earnyermoney's picture

Never know what hungry people will do with access to guns. I think Bloomie's whistling past the graveyard.

Fri, 01/18/2013 - 00:11 | 3165211 Buckaroo Banzai
Buckaroo Banzai's picture

Cuomo's a tin-pot dictator who is a filthy degenerate punk. His father was a corrupt, mobbed-up shitbag, and the apple didn't fall far from the tree.

Thu, 01/17/2013 - 22:49 | 3165032 centerline
centerline's picture

On a serious note...

Everything.  Absolutely everything will be done to avoid reaching any serious breaking point when it comes to the basics and supply chains for the basics.  Talking about bread here.  Circuses are easy.  Bread is difficult because it is tangible.

And, there is nothing that can be done to prevent those supply chains from breaking... a breaking point being reached at some point.

So, between now and then, systems will be put into place to "contain" and "deal with" the fallout for when the inevitable happens.

Any questions?

 

Thu, 01/17/2013 - 22:55 | 3165047 francis_sawyer
francis_sawyer's picture

Snake Plissken won't give a fuck about anyone's hunger or their questions...

Thu, 01/17/2013 - 23:04 | 3165074 A Lunatic
A Lunatic's picture

Let them eat Drone............

Fri, 01/18/2013 - 00:33 | 3165248 Karlus
Karlus's picture

Bingo, and when Rome legislates that they are entitled to the food from the center and south then its on like Donkey Kong.

The army will not stand with them and their scrip will be worthless.

It sucks so many people, Americans, will starve, but they brought it on themselves. We will be stronger for it

Thu, 01/17/2013 - 22:49 | 3165033 nmewn
nmewn's picture

Big-Gulp.

Fri, 01/18/2013 - 02:01 | 3165373 Freddie
Freddie's picture

Slur-PEE.

Thu, 01/17/2013 - 22:49 | 3165034 Yen Cross
Yen Cross's picture

 I'm beyond quimsical expectations...

Thu, 01/17/2013 - 22:51 | 3165038 chump666
chump666's picture

There you go Krugman you Keynesian nutcase.  Proof

Inflation gets people very, very angry

Bernanke stay the f*ck away from NYC

Thu, 01/17/2013 - 23:00 | 3165062 centerline
centerline's picture

Fuck Krugman.  He is nothing more than a tool.  Not worth paying attention to.  Discredited immediately by any argument about the role of banking in creating "money."

Fri, 01/18/2013 - 11:00 | 3166059 A Nanny Moose
A Nanny Moose's picture

That is an insult to tools. Tools are at least useful.

Thu, 01/17/2013 - 22:53 | 3165044 Yen Cross
Yen Cross's picture

 I love both of you nmewn and chump666. I was hoping for a (literary poet) that doesn't know it.

Thu, 01/17/2013 - 22:54 | 3165045 dunce
dunce's picture

81% of New Yorkers voted for obama, shut up and go dumpster diving where the rich live. It is what you voted for.

Thu, 01/17/2013 - 23:03 | 3165068 secret_sam
secret_sam's picture

I could live with that as long as da man ain't gonna be friskin' us, right?

Thu, 01/17/2013 - 23:14 | 3165092 francis_sawyer
francis_sawyer's picture

Good news with that is that it'll all be kosher food...

Fri, 01/18/2013 - 01:26 | 3165330 LetThemEatRand
LetThemEatRand's picture

"81% of New Yorkers voted for obama, shut up and go dumpster diving where the rich live. It is what you voted for."

Only about a third of NYC residents voted at all.  I'm guessing the dumpster divers stopped bothering a long time ago.   It is a myth that "the poor" voted Obama.  They didn't vote because they know it makes no difference.  In that regard, they are smarter than the rest of us.

Fri, 01/18/2013 - 07:34 | 3165584 Sanksion
Sanksion's picture

"Un pauvre qui vote ça me fait penser à un crocodile qui se présente à une maroquinerie."
Coluche. 

 A poor voting is like a crocodile showing up at a leathercrafting store.

 

Fri, 01/18/2013 - 11:04 | 3166067 A Nanny Moose
A Nanny Moose's picture

Voters don't win elections. Counters do. - Uncle Joe

Thu, 01/17/2013 - 22:55 | 3165051 Mae Kadoodie
Mae Kadoodie's picture

Gubbermint Cheese.

Thu, 01/17/2013 - 22:56 | 3165053 max2205
max2205's picture

Who in the hell would live in NYC if they made 25 grand. Move!

Thu, 01/17/2013 - 23:06 | 3165079 secret_sam
Thu, 01/17/2013 - 23:07 | 3165059 IridiumRebel
IridiumRebel's picture

I love my walk through the city......it's like the video game Pitfall. The exception is I am jumping over hungry snapping homeless people, instead of aligators, whose bed is a city grate where the only source of warmth spews forth. You literally cannot walk down the street without getting hit up by a change jar rattling vagrant. 

Thu, 01/17/2013 - 23:15 | 3165097 francis_sawyer
francis_sawyer's picture

They're 'hoping' for your 'change'...

~~~

See? Government DOES work!

Fri, 01/18/2013 - 08:01 | 3165598 overmedicatedun...
overmedicatedundersexed's picture

too many still post the voters voted them in, diebold and soros owned vote counting co's.. outcomes of the vote have the results programmed in,, nothing more..time to wake up your vote was stolen long ago and is accurate as bls employment data., there is no vote. it is a lie, understand we the people do not vote ..so many examples such as washington state gov elections, you know or who would vote for a corrupt comedy baffoon for senator..time to wake up and see..or go back to eye's wide shut. 

Thu, 01/17/2013 - 22:58 | 3165060 Freedumb
Freedumb's picture

I know how to fix this. So basically what we need to do is load a helicopter up with a bunch of $100 bills...

Thu, 01/17/2013 - 23:03 | 3165070 A Lunatic
A Lunatic's picture

Bloomberg outlawed sugar and salt; what's left to fucking eat???

Thu, 01/17/2013 - 23:09 | 3165086 secret_sam
secret_sam's picture

da alcohjoakic drisnk are all srolll cheap../

empsty bottle.s are like ottum leaves

Thu, 01/17/2013 - 23:35 | 3165129 francis_sawyer
francis_sawyer's picture

Early polls are indicating that Manischewitz Wine is still available...

Wed, 01/23/2013 - 13:26 | 3179542 darteaus
darteaus's picture

Their "factory" is just one PATH stop away from Manhattan!

Thu, 01/17/2013 - 23:09 | 3165087 Freedumb
Freedumb's picture

Is tungsten edible?

Thu, 01/17/2013 - 23:19 | 3165101 darteaus
darteaus's picture

The rich!

Thu, 01/17/2013 - 23:39 | 3165140 hedgelessWhoresMan
hedgelessWhoresMan's picture

At about 80% democrats you'd think they do a better job redistributing wealth. Maybe they don't give a shit about redistributing wealth.

Thu, 01/17/2013 - 23:43 | 3165150 TyrannoSoros Wrecks
TyrannoSoros Wrecks's picture

or they just need an excuse to redistribute MOAR wealth.

Fri, 01/18/2013 - 00:57 | 3165289 dark pools of soros
dark pools of soros's picture

the poor are just a straw to pull taxes through

 

the poor barely hold onto any of that and just hand it to the corps..  disposable conduits... 

Fri, 01/18/2013 - 08:45 | 3165654 youngman
youngman's picture

oh they do want to redistribute wealth...your wealth ...not theirs...

Fri, 01/18/2013 - 10:31 | 3165934 GeezerGeek
GeezerGeek's picture

Like elevators, redistribution can go both ways. Ultimately, wealth is distributed upward.  

Thu, 01/17/2013 - 23:41 | 3165144 lolmao500
lolmao500's picture

If NYC, Chicago, Detroit, DC and San Francisco were nuked to ashes tomorrow, I would say good riddance.

Fri, 01/18/2013 - 00:59 | 3165292 Son of Loki
Son of Loki's picture

lolmao500...you can add LA to that list.

Fri, 01/18/2013 - 10:39 | 3165978 mvsjcl
mvsjcl's picture

You can checkmark Detroit off that list.

Thu, 01/17/2013 - 23:42 | 3165145 TyrannoSoros Wrecks
TyrannoSoros Wrecks's picture

Cliff Notes:

Big city Blue Zones run by crazed progressives are expensive to live in.

Thu, 01/17/2013 - 23:43 | 3165151 masaccio
masaccio's picture

John Galt predicted this would happen.

Thu, 01/17/2013 - 23:52 | 3165172 A Lunatic
A Lunatic's picture

So did Thomas Jefferson..........

Fri, 01/18/2013 - 01:15 | 3165314 Sandmann
Sandmann's picture

So did Karl Marx

Fri, 01/18/2013 - 06:56 | 3165553 Monedas
Monedas's picture

Karl Marx didn't predict poverty .... he lived it .... if he were alive today .... he'd be a SNAP carrying, OWS jerk .... washing windshields with his own urine !

Fri, 01/18/2013 - 08:47 | 3165657 jlindesay
jlindesay's picture

No, he'd be a hotshot derivatives trader, destroying the system from within. 

Fri, 01/18/2013 - 02:41 | 3165414 sethstorm
sethstorm's picture

Except that story encouraged economic sabotage that leads to this very situation.  That, and it underestimates the power of a government, empowered by disaffected citizens, to halt the damage.

Thu, 01/17/2013 - 23:47 | 3165164 yellowsub
yellowsub's picture

Funny that the projects are dwindling and rents on the rise...  Where will they live?

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