New York City’s middle class is leaving in a mass exodus. Just like in Boston, SF, DC, and any other booming cities for the Elite. The middle class is gone, gone, gone.
Perhaps instead of moving in mass to different cities they should stay and vote out the Democrats and their policies that are ruining the one they already currently live in.
This has been a growing problem for years. It’s hurting those in Hudson Valley too. Rent and property taxes are too high but career opportunities outside NYC are low.
— Holly J (@Miss_Holly_J) December 23, 2018
New York City’s shrinking middle class is now in full retreat, as masses of our most endangered population depart the city in numbers not seen since the Depression, according to analysts.
After decades of sharp income erosion in the face of relentless taxes, escalating living costs and wage reductions through technological changes, the full extent of this shocking exodus is laid bare in the latest US Census data.
That shows the city is losing 100 residents each day — with departures exceeding new arrivals.
New York City’s middle class comprises 48 percent of city residents, with median annual incomes between $30,000 and $60,000.
Thirty-one percent make lower incomes, and the ranks of the rich account for 21 percent of New York City residents.
By contrast, in the early 1970s, about 61 percent of New Yorkers were ensconced in the middle class; today, fewer than half are.
For example, of the estimated 175,000 net new private-sector jobs that have been created in New York City since 2017, fewer than 20 percent are paying middle- class salaries, Earle notes. More
The scales have tilted in favor of the takers, which leaves the contributors in the minority. If liberals gain the majority in any city, it will experience this same scenario. The contributors will be forced to flee in order to survive.
The Millenials are going to pay dearly for their current politics. They just don’t know it yet, but when the baby boomers and the generation Xer’s are gone that they loathe so much, someone else is going to have to foot the liberal tab.
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Here in California we have the rich, and the poor that serve them
The middle class has been taxed and regulated to such an extent they are fleeing in record numbers, they simply can’t exist here https://t.co/XSvsoKQpdm
— pam silleman designs (@SillemanPam) December 23, 2018
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