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Robin Hood - 1 we've - 1 Richard R - 1 Buery Jr - 1 Buery - 1 it's - 1
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2 mentions found


☆ NYC has the highest concentration of millionaires worldwide. 25% of its children live in poverty, report says.
  + stars: | 2024-02-25 | by ( Katie Balevic | ) www.businessinsider.com   time to read: +2 min
What's more, child poverty surged from 2021 to 2022, rising to 25% of children living in poverty, the report found. The findings conjure a stark contrast with the ultrawealthy in New York City, which, as of 2023, had the highest concentration of millionaires worldwide, with 340,000 millionaires, according to the London-based firm Henley & Partners. Alarmingly, this year's annual Poverty Tracker report observes the sharpest one-year increase in poverty we've found since launching the study in 2012. Buery cited the expired pandemic-era financial supports, such as the expanded child tax credit, as examples of the city's progress in the past. "We know that fully refundable tax credits, housing vouchers, and childcare subsidies can move millions out of poverty and hardship.
Persons: Robin Hood, we've, Richard R, Buery Jr, Buery, it's Organizations: Columbia University's, Poverty, Bronx ,, Henley & Partners, US, Senate Locations: New York, Bronx, Bronx , Queens, Brooklyn, New York City, London, York City
☆ Robin Hood Foundation picks Goldman Sachs executive Dina Powell McCormick as new chair
  + stars: | 2022-10-20 | by ( Brian Schwartz | ) www.cnbc.com   time to read: +2 min
Dina Powell, former deputy U.S. national security advisor, speaks during the Saudi-U.S. CEO Forum in New York, U.S., on Tuesday, March 27, 2018. Goldman Sachs executive Dina Powell McCormick has been named chair of the Robin Hood Foundation, a nonprofit backed by Wall Street executives and other business leaders that aims to combat poverty. McCormick, who was the group's vice chair, was elevated by the board to chair on Wednesday, the foundation announced in a statement. "For 35 years, Robin Hood has been fighting to elevate New Yorkers out of poverty. Being elected chair by her peers is a powerful recognition of Dina's history of service, leadership, and commitment to our mission," Robin Hood CEO Richard R. Buery, Jr. said in a statement.
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