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Old 10-01-2016, 10:23 AM
 
821 posts, read 761,314 times
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According to this Pew Research article, every single one of New York's metro areas has had a shrinking middle class since 2000.

America

Here is a snapshot of New York's metro areas


Distribution of Adults by Income Tiers
2000 2014
Lower Middle Upper Lower Middle Upper
Albany 22.1 60.1 17.8 20.2 55.1 24.8
Binghamton 28.5 57.9 13.7 28.8 53.9 17.4
Buffalo 25.4 58.0 16.7 26.2 52.8 20.9
Glens Falls 27.1 61.4 11.6 27.2 58.1 14.6
New York 31.0 50.7 18.3 30.9 48.1 21.0
Rochester 22.2 59.6 18.2 25.2 56.7 18.0
Syracuse 27.1 57.0 15.9 25.9 54.9 19.2
Utica 28.0 60.4 11.6 28.5 56.6 14.9


All of these have lost in the middle tier, but I thought it was interesting that nearly every metro grew in the upper tier, except for Rochester. Which brings up an interesting point: i thought Rochester was the most affluent city upstate, but this clearly shows Albany, Rochester, and Syracuse now have a higher percentage of residents in the upper income tiers.
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Old 10-01-2016, 02:41 PM
 
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I will do analysis later on this, but I'm not sure those brackets for lower, middle, upper can really compare whether one area is more affluent than the other. I think they are meant to represent income distribution. I threw some numbers in the calculator and noticed that the upper bracket started at over 96,000 in Buffalo, over 98,000 in syracuse and over 100,000 in Rochester. So clearly it's not representing apples to apples in term of wealth.

Like I said, I think that is really just to show how the wealth is distributed. Which if you notice, Rochester does have the highest percentage in the middle income. If the brackets trend higher for Rochester vs. Buffalo, Syracuse, I think this shows that Rochester has more wealth equality in the metro with higher incomes in each bracket.
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Old 10-01-2016, 03:28 PM
 
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Quote:
Originally Posted by db2797 View Post
I will do analysis later on this, but I'm not sure those brackets for lower, middle, upper can really compare whether one area is more affluent than the other. I think they are meant to represent income distribution. I threw some numbers in the calculator and noticed that the upper bracket started at over 96,000 in Buffalo, over 98,000 in syracuse and over 100,000 in Rochester. So clearly it's not representing apples to apples in term of wealth.

Like I said, I think that is really just to show how the wealth is distributed. Which if you notice, Rochester does have the highest percentage in the middle income. If the brackets trend higher for Rochester vs. Buffalo, Syracuse, I think this shows that Rochester has more wealth equality in the metro with higher incomes in each bracket.
Also, if I'm reading that right, it appears that while the middle bracket may decrease, the upper bracket has increased and the lower bracket generally had a very negligible increase or even decreased.

What is the bigger issue for Upstate and really many Northern(if not all) metros in general is concentrated poverty, especially for people of color. That is something that has been exposed in a few of the bigger Upstate metros recently.
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Old 10-01-2016, 08:40 PM
 
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What happens when you allow rich bankers/corporations/foreigners tax free entrance into real estate

Yet goyim like us have to sit it out on the sidelines.
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Old 10-02-2016, 07:03 AM
 
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Another way to look at the information is that the lower income class has had uneven growth the upper income bracket has seen growth pretty much in the metros of Upstate NY.

Also, is the information on the Watertown, Ithaca and Elmira metro areas?
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Old 10-02-2016, 01:14 PM
 
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Quote:
Originally Posted by ckhthankgod View Post
Another way to look at the information is that the lower income class has had uneven growth the upper income bracket has seen growth pretty much in the metros of Upstate NY.

Also, is the information on the Watertown, Ithaca and Elmira metro areas?
No, unfortunately there was not.
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Old 10-02-2016, 01:21 PM
 
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Quote:
Originally Posted by db2797 View Post
I will do analysis later on this, but I'm not sure those brackets for lower, middle, upper can really compare whether one area is more affluent than the other. I think they are meant to represent income distribution. I threw some numbers in the calculator and noticed that the upper bracket started at over 96,000 in Buffalo, over 98,000 in syracuse and over 100,000 in Rochester. So clearly it's not representing apples to apples in term of wealth.

Like I said, I think that is really just to show how the wealth is distributed. Which if you notice, Rochester does have the highest percentage in the middle income. If the brackets trend higher for Rochester vs. Buffalo, Syracuse, I think this shows that Rochester has more wealth equality in the metro with higher incomes in each bracket.
Actually, this was the aspect that was the most interesting. A different tab in the data shows the cost of living adjusted incomes needed for a 3 person household to qualify for the upper braket. Albany was 163,299, Syracuse 160,133, Buffalo 160,340 and Rochester 159,074.

Yet another tab shows the coat of living for these cities is extremely similar anyway. It still looks to me like Rochester could be falling out of the lead, although i could be interpreting the data incorrectly.
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Old 10-02-2016, 02:40 PM
 
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Originally Posted by cjoseph View Post
Actually, this was the aspect that was the most interesting. A different tab in the data shows the cost of living adjusted incomes needed for a 3 person household to qualify for the upper braket. Albany was 163,299, Syracuse 160,133, Buffalo 160,340 and Rochester 159,074.

Yet another tab shows the coat of living for these cities is extremely similar anyway. It still looks to me like Rochester could be falling out of the lead, although i could be interpreting the data incorrectly.
That is interesting, as this shows a different picture in terms of COL(note that it is 2012 data and the BEA site may have newer info): Here are the most and least expensive cities to live in

This seems to be more in line with what db2797 mentioned in terms of the beginning of the upper income limit.

Here is the calculator for those that are interested: Are you in the American middle class? | Pew Research Center

Last edited by ckhthankgod; 10-02-2016 at 03:21 PM..
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Old 10-03-2016, 01:18 PM
 
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This is because the middle class has been taxed to the point of no return, that coupled with this dump being a 1 party state, leaves no other option for the middle class to vote with their feet and leave...like I'm doing next year

From Sept 2015:
More residents left New York than any other state in 2013 | New York Post
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Old 10-03-2016, 02:19 PM
 
93,356 posts, read 124,009,048 times
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Originally Posted by sithlord72 View Post
This is because the middle class has been taxed to the point of no return, that coupled with this dump being a 1 party state, leaves no other option for the middle class to vote with their feet and leave...like I'm doing next year

From Sept 2015:
More residents left New York than any other state in 2013 | New York Post
Actually, a lot of the representation in Upstate NY at the local, state and even national level has been from both parties. So, the responsibility would be shared by both parties, to some degree.

Again, leaving the state could mean to adjacent states and includes many retirees, along with those that leave for other reasons.
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