Bank on it: haves and have-nots.
Statistics indicate that the more comfortable have gotten a little richer and the poor rather poorer in Bushwick during the Bloomberg era. According to data from the IRS, the average adjusted gross income of the poorest people in ZIP code 11237--the 5,000 or so households reporting income of less than $10,000--dropped 18 percent from 2001 to 2006 (the most recent year for which data are available). The average income of those making more than $50,000, however, rose from $69,000 to $74,000. Households in the middle saw little change in their fortunes.
CHANGES IN 11237'S INCOME BY INCOME GROUP, 2001-2006 Annual Household Income Income under $10,000 Income $10-25,000 Income $25-50,000 Income over $50,000 Note: Table made from bar graph. Source: IRS
Deposits at bank branches in 11237 have increased since 2001, from about $152 million to $167 million in 2008. But while 11237 residents can obviousl keep their money at branches outside the district, north Bushwick still ranks as one of the least capitalized ZIP codes in Brooklyn.--JM
DEPOSITS IN SELECTED BROOKLYN ZIP CODES, 2009 AMOUNTS IN MILLIONS Fort Hamilton 11209 Midwood 11230 Greenpoint 11222 Prospect Park S. 11226 Gravesend 11223 Dyker Heights 11228 Carroll Gardens 11231 Canarsie 11236 City Line 11208 Fort Greene 11205 Bushwick 11237 East New York 11239 Note: Table made from bar graph. Source: FDIC
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|Title Annotation:||Bushwick, New York household income report|
|Publication:||City Limits Investigates|
|Article Type:||Brief article|
|Date:||Sep 22, 2009|
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