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Income Inequality

New Rochelle, NY
News
NYC Named World's Best City In New Study: Here's Why NYC Named World's Best City In New Study: Here's Why
NYC Named World's Best City In New Study: Here's Why Two Northeast cities have been recognized among the 10 best in the world, according to a new study. Oxford Economics has released its 2025 Global Cities Index. New York City ranked No. 1 in the world for the second straight year, while Boston climbed into the global top 10 at No. 8 overall. The index evaluates 1,000 cities across five categories. The annual report scored cities on economics, human capital, quality of life, environment, and governance. Researchers said the index helps guide decisions for investors and policymakers. "Leveraging our best-in-class urban economic for…

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by Chris Spiker
Cambridge, MA
News
MA Named Best State For Raising Families In New Study: Find Out Why MA Named Best State For Raising Families In New Study: Find Out Why
MA Named Best State For Raising Families In New Study: Find Out Why Massachusetts leads the U.S. as a place for raising families and two other Northeast states are among the nation's best, according to a new study. WalletHub released its 2025 list of best and worst states to raise a family on Monday, Jan. 13. The personal finance website ranked each state on family-friendliness, evaluating factors like housing affordability, healthcare quality, job security, and education. Massachusetts claimed the top spot, excelling in education and healthcare. The state boasts the nation’s best public schools, the highest rate of children with health insurance, and …

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by Chris Spiker
Hartford, CT
Schools
Here's Where Connecticut Ranks Among States With Best Public School Systems, Forbes Says Here's Where Connecticut Ranks Among States With Best Public School Systems, Forbes Says
Here's Where Connecticut Ranks Among States With Best Public School Systems, Forbes Says Connecticut's public school system is among the best in the country, according to a report by Forbes.  The state ranks as having the third-best public school systems nationwide, behind only Massachusetts and New Jersey, the news outlet reports.  Connecticut's strong schools help contribute towards the state being ranked fifth in the nation for quality of life, also thanks to low crime and poverty rates, as well as a healthy population, according to Forbes.  However, income inequality in the state is still a large problem, especially when comparing affluent Fairfield County t…

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by Ben Crnic
Worcester, MA
Lifestyle
Money Buys Happiness: Here's How Much You Need To Find Joy, Study Says Money Buys Happiness: Here's How Much You Need To Find Joy, Study Says
Money Buys Happiness: Here's How Much You Need To Find Joy, Study Says People who think money can’t buy happiness are woefully mistaken, according to a new study. A University of Pennsylvania study recently published in the Proceedings of the National Academy of Sciences found that people who earn $85,000 or more per year are happier than those who earn less. And the more money you earn, the happier you are. This contradicts common knowledge and refutes an earlier study that found there is a cap on how much happiness money can buy. Once a person earns at least $75,000 per year additional money won’t buy additional happiness, according to a 2010 Princeton Uni…

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by Kristin Palpini
Springfield, MA
Business
Millionaires Shun Western/Central Massachusetts According to New Ranking Millionaires Shun Western/Central Massachusetts According to New Ranking
Millionaires Shun Western/Central Massachusetts According to New Ranking Showing a sharp divide between the financial influence of the Eastern and Western sides of Massachusetts, a ranking of communities with the most millionaires didn’t come within 50 miles of Western Massachusetts. Heck, the wealth didn’t even extend into Worcester County. A recent Boston Business Journal ranking of the top 25 Massachusetts municipalities with the most million-dollar earners didn’t include any communities from Western or Central Massachusetts. This matters because where there is wealth, there is influence and Western Massachusetts has a long history of paying the price of th…

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by Kristin Palpini
Brentwood, NY
News
'Tax The Rich, Not The Poor': New Protests Target Estates Of Hamptons Billionaires 'Tax The Rich, Not The Poor': New Protests Target Estates Of Hamptons Billionaires
'Tax The Rich, Not The Poor': New Protests Target Estates Of Hamptons Billionaires Pitchfork-wielding protesters hit the streets in some of Long Island’s most affluent communities to condemn the rise in income equality. Chants of “tax the rich, not the poor!’ could be heard from more than 100 drivers and 200 marchers who hit the Hamptons of some of Long Island’s wealthiest residents. According to reports, former New York City Mike Bloomberg’s $20 million Southampton mansion was near the epicenter of the protests. Reports said that the protesters are calling on Gov. Andrew Cuomo to hike taxes on New York's billionaires to make up for the chaos wreaked on the state’s budge…

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by Zak Failla
Mount Pleasant, NY
Politics
Ocasio-Cortez Compares Controversy Over Northern Westchester Roots To Birther Theory Ocasio-Cortez Compares Controversy Over Northern Westchester Roots To Birther Theory
Ocasio-Cortez Compares Controversy Over Northern Westchester Roots To Birther Theory Just days before officially taking office, U.S. Rep. Alexandria Ocasio-Cortez is blasting cynics questioning her roots as a self-described "girl from the Bronx" despite moving to Northern Westchester when she was age 5, comparing the controversy to the birther conspiracy theory. The just-turned 29 Ocasio-Cortez, tweeting a reference to Jennifer Lopez’s “Jenny from the block," wrote above a  photo of a plaque representing her 14th congressional district, which is made up of parts of the Bronx and Queens: "Don't be fooled by the plaques that we got. I'm still / I'm still Alex from the Bro…

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by Joe Lombardi
Beekman-Poughquag, NY
Politics
Race About Race? Faso Attack Ads Call Rhodes Scholar Delgado 'Big City Rapper' Race About Race? Faso Attack Ads Call Rhodes Scholar Delgado 'Big City Rapper'
Race About Race? Faso Attack Ads Call Rhodes Scholar Delgado 'Big City Rapper' U.S. Rep. John Faso, a Republican representing New York’s 19th Congressional District, which includes the mid-Hudson Valley is seen as vulnerable this year. And now, Faso's campaign has resorted to racist attack ads calling Delgado a "big city rapper," according to multiple reports. The district, encompassing 11 counties including Dutchess, has been represented by Republicans for eight years. However, voter registration is nearly equally split among the GOP, Democrats and unaffiliated voters. Faso’s Democratic challenger is Antonio Delgado of Rhinebeck, a former rapper, Rhodes sc…

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by Jon Craig
Fairfield, CT
Lifestyle
NY, CT Income Inequality Levels Among Highest In Nation NY, CT Income Inequality Levels Among Highest In Nation
NY, CT Income Inequality Levels Among Highest In Nation Are we reliving the "Great Gatsby" era? A new study cites five states where the top 1 percent have exceeded 1928's 23.9 percent share of income: According to an Economic Policy Institute (EPI) study of the new "gilded age," these are the top states with the widest income disparities: New York: 31 percent Florida: 28.5 percent Connecticut: 27.3 percent Nevada: 24.8 percent Wyoming: 24 percent Unequal income growth since the 1970s has buoyed the fortunes of the top 1 percent of income earners, widening income inequality in every state, the study from the Economic Policy …

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by Jon Craig
Stamford, CT
News
Connecticut City Cited For Widening Wealth Gap In Bloomberg Report Connecticut City Cited For Widening Wealth Gap In Bloomberg Report
Connecticut City Cited For Widening Wealth Gap In Bloomberg Report The "super rich" are getting richer and the middle class are poorer in Bridgeport, according to a national study of the widening wealth gap. The Bloomberg news ranking found the change in the gap between the super rich to middle class widened in 98 of 100 U.S. metropolitan areas, led by Bridgeport.  The gap narrowed in Ogden, Utah and Colorado Springs, Colo., Bloomberg reported here. (The super rich to middle class gap was defined by those in the top 5 percent of income versus households in the middle 20 percent.) The average income gap widened by $59,000 nationwide. In Bridgeport…

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by Jon Craig
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