Economic Highs and Lows in New York City (in Photos)

There are few other places where the wealth gap is so visible.
Author:
Publish date:

The gap in personal wealth between the richest and the poorest people is starker in New York than almost anywhere else in America. That inequality was once again on display this week: Famed auction house Sotheby's put Marie Antoinette's jewels up for display and the Dow Jones index surged up and down through the week, alternately disappointing and delighting traders. Meanwhile, nearly one in four children in the city didn't have enough to eat, and one in 10 public school students were homeless.

section-break
A photograph of French Queen Marie Antoinette is displayed among her jewelry at Sotheby's auction house, October 12th, 2018, in New York City. The collection of aristocratic jewels, belonging to the Bourbon-Parma family, is set to hit the auction block on November 14th.

A photograph of French Queen Marie Antoinette is displayed among her jewelry at Sotheby's auction house, October 12th, 2018, in New York City. The collection of aristocratic jewels, belonging to the Bourbon-Parma family, is set to hit the auction block on November 14th.

Traders work at the opening bell on the floor of the New York Stock Exchange on October 12th, 2018, in New York City. The Dow Jones Industrial Average jumped over 400 points at Friday's open, following two days of steep losses.

Traders work at the opening bell on the floor of the New York Stock Exchange on October 12th, 2018, in New York City. The Dow Jones Industrial Average jumped over 400 points at Friday's open, following two days of steep losses.

A sign in a window advertises an empty store for rent in the West Village of Manhattan on October 16th, 2018, in New York City. Manhattan, one of the world's top retail destinations, has been experiencing a wave of retail store closures over the past few years.

A sign in a window advertises an empty store for rent in the West Village of Manhattan on October 16th, 2018, in New York City. Manhattan, one of the world's top retail destinations, has been experiencing a wave of retail store closures over the past few years.

A woman purchases Mega Millions lottery tickets on October 19th, 2018, in New York City. The Mega Millions jackpot is currently up to $970 million.

A woman purchases Mega Millions lottery tickets on October 19th, 2018, in New York City. The Mega Millions jackpot is currently up to $970 million. 

A floor trader at the New York Stock Exchange on October 16th, 2018.

A floor trader at the New York Stock Exchange on October 16th, 2018.

People walk by an empty store along a block in the West Village of Manhattan on October 16th, 2018.

People walk by an empty store along a block in the West Village of Manhattan on October 16th, 2018. 

More From Pacific Standard on Income Inequality

Related