FPWA: Poverty in NYC Exacerbated by Economic Recession, COVID-19

NYC Poverty
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[Poverty in New York City]
FPWA: "In FPWA's recently published analysis, 1.25 million New Yorkers abruptly lost their jobs by May and an astounding 58 percent of New York’s households included someone who lost employment income between March 13th and July 21st."
Photo: YouTube

Social welfare group FPWA released the following statement saying the U.S. Census figures citing a decline in New York City poverty does not reflect the current COVID-19 reality.

The U.S. Census Bureau released their annual poverty numbers for New York City today, noting that from 2018-2019 poverty in the city declined by 1.3% to 16%.

This decline reflects the national poverty numbers released on Tuesday that saw a similar decline in poverty by 1.3 percentage points to 10.5%. Unfortunately, these numbers no longer reflect the realities of millions of New Yorkers who are seeing ever increasing economic hardship over the past months as a result of our current economic recession.

As shown in FPWA's recently published analysis, 1.25 million New Yorkers abruptly lost their jobs by May and an astounding 58 percent of New York’s households included someone who lost employment income between March 13th and July 21st. Additionally, SNAP uptake, a good metric for increased economic needs, has increased by 13% since February.

The unprecedented economic hardships faced by a growing number of New Yorkers highlights both the fragility of the economic gains of recent years and the need for immediate policy interventions to support those who are increasingly struggling to make ends meet.

Another robust federal stimulus package will be critical to our economic recovery, and our safety net programs must be shored up in order to ensure that our recovery is fair and reaches the Black and brown communities who have borne the greatest impact of the Covid pandemic and the resulting economic downturn.

ABOUT FPWA

FPWA is an anti-poverty policy and advocacy organization committed to advancing economic opportunity and upward mobility for low-income New Yorkers. As a prominent force for justice for nearly 100 years, FPWA has served New York City's human services sector, providing grants to support individuals and families as they strive to meet their basic needs while advocating for fair public policies on behalf of underserved people and the agencies that work with them. FPWA’s member network of 170 human-services and faith-based organizations reach more than 1.5 million people in New York City each year. Join us and our members at www.fpwa.org.

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