[lbo-talk] "Save subprime borrowers, not bloated bankers" by Dean Baker

Doug Henwood dhenwood at panix.com
Wed Aug 22 11:39:23 PDT 2007


On Aug 22, 2007, at 2:13 PM, Joseph Catron wrote:


> Where did you get that number?

Ah, the dangers of quoting on hearsay. - Doug

New York Times - March 23, 2007

In Surge in Manhattan Toddlers, Rich White Families Lead Way By SAM ROBERTS

Manhattan, which once epitomized the glamorous and largely childless locale for ''Sex and the City,'' has begun to look more like the set for a decidedly upscale and even more vanilla version of 1960s suburbia in ''The Wonder Years.''

Since 2000, according to census figures released last year, the number of children under age 5 living in Manhattan mushroomed by more than 32 percent. And though their ranks have been growing for several years, a new analysis for The New York Times makes clear for the first time who has been driving that growth: wealthy white families.

At least half of the growth was generated by children who are white and non-Hispanic. Their ranks expanded by more than 40 percent from 2000 to 2005. For the first time since at least the 1960s, white children now outnumber either black or Hispanic youngsters in that age group in Manhattan.

The analysis shows that Manhattan's 35,000 or so white non-Hispanic toddlers are being raised by parents whose median income was $284,208 a year in 2005, which means they are growing up in wealthier households than similar youngsters in any other large county in the country.

Among white families with toddlers, San Francisco ranked second, with a median income of $150,763, followed by Somerset, N.J. ($136,807); San Jose, Calif. ($134,668); Fairfield, Conn. ($132,427); and Westchester ($122,240).

In comparison, the median income of other Manhattan households with toddlers was $66,213 for Asians, $31,171 for blacks and $25,467 for Hispanic families.



More information about the lbo-talk mailing list