Monday, January 21, 2013

What Is Middle Class in Manhattan?

Mind-blowing stats:

  • The average sale price of a home in Manhattan last year was $1.46 million, according to a recent Douglas Elliman report, while the average sale price for a new home in the United States was just under $230,000 
  • Household incomes in Manhattan are about as evenly distributed as they are in Bolivia or Sierra Leone — the wealthiest fifth of Manhattanites make 40 times more than the lowest fifth 
  • Someone making $70,000 a year in other parts of the country would need to make $166,000 in Manhattan to enjoy the same purchasing power
Read more in the NYT. 

Why Women Aren’t C.E.O.s, According to Women Who Almost Were

"It’s not a pipeline problem. It’s about loneliness, competition and deeply rooted barriers." Read more in the NYT .