Economy

A Plan to Drastically Reduce New York's Poverty

A comprehensive package of assistance programs can lower the city's poverty rate by 69 percent.
A woman waits in line at the Food Bank For New York City Community Kitchen & Food Pantry of West Harlem in 2010.Shannon Stapleton / Reuters

New York City's official poverty rate was around 20 percent in 2012, well above the national rate of 15 percent. A 2014 report commissioned by the city blamed the usual suspects: low wages, high rents, and unemployment. It also highlighted the value of government assistance programs in helping bring down the number of poor New Yorkers.

A new Urban Institute analysis tested seven types of government-assistance programs to see which one would have most impact in New York. It found that while a transitional jobs program might make the most difference compared with the other policies, only a combination of all seven programs would drastically bring down the city's poverty rate.