NYC mayor: Income inequality not acceptable

NEW YORK (AP) — Bill de Blasio, who was elected mayor on a promise to fight New York City’s income inequality gap, said Thursday that new data indicating Manhattan is the most economically stratified place in the nation is further proof of the “crisis” that threatens his city.

Manhattan’s top five percent of households earn 88 times as much as the poorest 20 percent, according to data released by the Census Bureau’s American Community Survey. That gap, which translates to more than $860,000, is the largest in the nation.