The wealthy taking up housing meant for the poor

Though New York City’s waiting list for subsidized housing stands at over 300,000, the agency still has only nominal ability to evict a tenant who once qualified but subsequently became wealthier, and the latest “beneficiary” of those rules, according to a November WPIX-TV report, is a household that reported earning $497,911 in a recent year. Initially, one housing authority official […]

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The Befuddling Effect of Poverty

The strain of worrying constantly about making ends meet depletes poor people’s brainpower, making them more likely to make bad decisions that can perpetuate the cycle of poverty. In fact, Princeton University researchers conclude in a new study, just feeling poor can quickly knock 13 points off a person’s IQ.To determine how financial worries affect thinking, the researchers posed various […]

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