How Much Could Policy Changes Reduce Poverty in New York City?

Research Report

How Much Could Policy Changes Reduce Poverty in New York City?

Abstract

A combination of policies would reduce the poverty rate of New York City residents from 21.4 percent to 6.7 percent, according to an analysis for three NYC non-profits. The project used the TRIM3 microsimulation model and NYC data from the American Community Survey to analyze the potential effects of seven policies: transitional jobs (TJ), earnings supplements, a higher minimum wage, increased benefits from SNAP (food stamps), more housing vouchers, guaranteed child care subsidies, and a tax credit for seniors and people with disabilities. The TJ policy had the biggest individual impact, reducing poverty from 21.4 to 15.9 percent.

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