The city of Boston earned a dubious distinction recently by Bloomberg, which ranked all American cities with more than 250,000 people to determine which were the most unequal. Using something called the Gini coefficient, an index that measures the distribution of household income based on 2015 U.S. Census Bureau data, they ranked Miami the most unequal city in the United States.
While I don’t always understand ranking systems like this, I do lend more weight to them when they are published by reputable organizations like Bloomberg. So I was disappointed (but not surprised) to see Boston ranked in the top 10. The silver lining that I take from this is that as an expensive city, it will likely always be a place where there is more inequity than we might like.
I do hold out hope that initiatives Mayor Walsh’s “Boston 2030”, which looks to build 50,000+ new middle income priced homes / units by 2030 and efforts to bring good jobs (e.g. GE relocating their global headquaters to Boston) can help to bring both more economic parity and make it more affordable so anyone (no matter what their career) can feel like they can make Boston their home.
Read the full article here, Bloomberg: The 10 Most Unequal Cities in America.