> Economic stagnation combined with plummeting tax revenue resulting from an exodus of wealthy (and largely white) residents left New York in an intractable fin

> Economic stagnation combined with plummeting tax revenue resulting from an exodus of wealthy (and largely white) residents left New York in an intractable financial crisis. For context, in the 1970s the US was ~83% white (57% today) [1], and New York was ~62% white (30% today) [2]. So you could append "largely white" to most things at the time. [1] https://en.wikipedia.org/wiki/Historical_racial_and_ethnic_demographics_of_the_United_States#Historical_data_for_all_races_and_for_Hispanic_origin_(1610%E2%80%932020) https://en.wikipedia.org/wiki/Historical_racial_and_ethnic_d... [2] https://en.wikipedia.org/wiki/Demographic_history_of_New_York_City#Citywide https://en.wikipedia.org/wiki/Demographic_history_of_New_Yor...