The Big Apple is getting more unequal: A new report from New York City Comptroller Mark Levine found that income inequality worsened in the city from 2019 to 2024.
That’s not entirely unexpected. The country’s financial capital has long had a wealth gap between its Wall Street bigwigs and everyday workers, and over the past few years, millionaires have flocked back into the city, as lower earners have migrated out.
But the New York metro area’s lowest earners haven’t taken a pay cut: Wage and salary inequality only very slightly increased during that same period, part of a national trend. Pay grew the fastest for traditionally lower-wage…
