It Is a Far, Far Better Economy

This week, new Census data had good news for New York City: median household incomes rose and the poverty rate declined in 2016.

These latest figures come at just the right moment for Mayor Bill de Blasio who has pledged to fight inequality and New York City's "Tale of Two Cities." After easily winning this week's Democratic primary, he's already taking on Republican challenger, Nicole Malliotakis. As a part of his campaign, de Blasio can point to the health of the city's economy. But how much of the recent growth in jobs and incomes can he take credit for?

"Bill de Blasio came into office under the best circumstances of any mayor in either 30, 40, 50 or 100 years, depending who I talk to," said Greg David, a columnist for Crain's New York Business.

This week on Money Talking, Charlie Herman talks with David as well as Sally Goldenberg, senior reporter for housing and economic development at Politico New York, about the city's economy under Mayor Bill de Blasio.