Wealth gap between blacks and whites in NYC wider than ever: report

[Bronxguyanese]

Originally Posted by NyWriterdude

Much of the socioeconomic mobility in the nation is tied to the government and the military.

Look at NYC. Government jobs here are well paid, give pensions, have decent vacations and benefits.

Veterans (those honorably discharged) are eligible for free medical care, cheap mortgages, cheap loans to start business, and the military funds their college education).

The government also gives out financial aid in the form of student loans, pell grants, and other programs.

Much of the remaining industrial production in the US is for companies that also double as military contracts. Boeing, Lockheed Martin, etc.

Even at the height of the US industrial production, remember that came about as a part of the expansion of the US military/industrial complex during and after WW2.

This is very true, also you can't forget that NYC was stuck in a war time economic well into the 1960s which sealed the cities fate for the 70s,80s and to a certain degree the 90s when it comes to economics.

[NyWriterdude]

Originally Posted by Bronxguyanese

This is very true, also you can't forget that NYC was stuck in a war time economic well into the 1960s which sealed the cities fate for the 70s,80s and to a certain degree the 90s when it comes to economics.

Yes. Well into the 60s the NYC still had a lot of industrial production, and a large number of GIs were going to school getting degrees from WW2 and the Korean war. The Vietnam vets went to school in the 70s and 80s, and these people were getting subsidized mortgages and other benefits in those time periods in large numbers.

Peter Cooper Village/Stuyvesant Town was built for white WW2 vets, and I believe the co-op market in the city was developed in part for GI families.

[BugsyPal]

Originally Posted by NyWriterdude

Yes. Well into the 60s the NYC still had a lot of industrial production, and a large number of GIs were going to school getting degrees from WW2 and the Korean war. The Vietnam vets went to school in the 70s and 80s, and these people were getting subsidized mortgages and other benefits in those time periods in large numbers.

Peter Cooper Village/Stuyvesant Town was built for white WW2 vets, and I believe the co-op market in the city was developed in part for GI families.

Cooperative apartment ownership began in New York long before both world wars. It gained momentum in the 1970's and 1980's but not really for returning GIs. https://en.wikipedia.org/wiki/Housin...ropolitan_area