KEY FINDINGS
In 2022,
More than 1.5 million adult New Yorkers (23%) and nearly 420,000 children (25%)
nearly 500,000 more New Yorkers lived in poverty than the year prior.
in New York City lived in poverty in 2022 , up from 1.2 million adults (18%) and 260,000 children (15%) in 2021.
The increase in poverty between 2021 and 2022 follows the expiration of historic pandemic- era policy interventions that helped stabilize rates of adult poverty and reduced child poverty to record lows during the pandemic.
$
2X
$
56%
New Yorkers with incomes below 200% of the poverty line were twice as likely to experience difficulty paying for housing, energy and telephone bills, and food than those above 200% of the line, with almost 1 in 5 (19%) reporting that they lived paycheck-to-paycheck in the past 12 months.
New Yorkers living below the poverty line were not the only ones struggling to get by in 2022 – more than 4.6 million New Yorkers (56%) had incomes below 200% of the poverty line in 2022 and a third (33%) classified as having low incomes, or incomes between 100-200% of the poverty line.
Still, in 2022, government transfers and tax credits cut the adult poverty rate in New York City by 27% and the child poverty rate by 41%, keeping more than half a million adults and almost 300,000 children above the poverty line. These effects are less substantial than those in 2021, when government transfers and tax credits cut the adult poverty rate by 45% and the child poverty rate by 68%.
4 THE STATE OF POVERTY AND DISADVANTAGE IN NEW YORK CITY VOL. 6
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