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.
More From Pacific Standard on Income Inequality
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- Economic Inequality in the U.S. Is Far Worse Than You Thought
- The Unequal State of Access to Fintech in America
- Working People Are Hurt More by Rising Inequality Than Slow Economic Growth
- What the Last Frontier of Manhattan Says About the Economics of Housing
- Why Is Brooklyn Dying?