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Data: Robin Hood Poverty Tracker/Columbia University Population Research Center survey of 2,877 New York City adults between 2015 and 2018; Chart: Chris Canipe/Axios

42% of New Yorkers have lived in poverty at some point in the past three years. That's according to a tracking survey operated by Columbia University and Robin Hood, which polls 4,000 households every quarter. (Not all of them were trackable across three successive years, but 2,877 were.)

The big picture: The key result from the poverty tracker is that people experience poverty in waves. Roughly 28% of New Yorkers who exit poverty will re-enter within three years. That number rises to 39% for black New Yorkers.

Driving the news: Tomorrow, Robin Hood will announce a $25 million program that's intended to fund research aimed at not only bringing households out of poverty but keeping them out of poverty. The ideas will be exported nationwide, with the help of Tipping Point Community and the Gates Foundation.

  • One proven intervention: CUNY ASAP is a scheme designed to ensure that college students graduate with an associate's degree within 3threeyears. It effectively doubles graduation rates, and that in turn slashes the probability that the graduate will ever return to poverty.
  • Another key policy is New York Mayor Bill de Blasio's plan to extend public health insurance to 600,000 currently uninsured residents. When people return to poverty, it's often because of unexpected health care expenses.

The bottom line: Philanthropy can't fund these schemes, only government is big enough to do that. But philanthropists can certainly fund studies that demonstrate what works. Those studies, in turn, make it much easier for city and state governments to enact new laws and policies.

Go deeper: The geographical wage gap has stopped closing

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Updated 6 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Americans feel Trump's sickness makes him harder to trustFlorida breaks record for in-person early voting — McConnell urges White House not to strike stimulus deal before election — Republican senators defend Fauci as Trump escalates attacks.
  2. Health: The next wave is gaining steam.
  3. Education: Schools haven't become hotspots — University of Michigan students ordered to shelter-in-place.
  4. World: Ireland moving back into lockdown — Argentina becomes 5th country to report 1 million infections.

Biden enters final stretch with huge cash advantage over Trump

Democratic presidential nominee Joe Biden in Wilmington, Delaware, on Monday. Photo: Drew Angerer/Getty Images

Democratic presidential nominee Joe Biden had $177.3 million in the bank at the end of September, per the latest Federal Election Commission filings.

Why it matters: President Trump's re-election campaign reported having $63.1 million in the bank at the end of last month.

Editor's note: This is a developing news story. Please check back for updates.

Court allows North Carolina mail-in ballots deadline extension

An absentee ballot election worker stuffs ballot applications at the Mecklenburg County Board of Elections office in Charlotte, North Carolina, in September. Photo: Logan Cyrus/AFP via Getty Images

North Carolina can accept absentee ballots that are postmarked Nov. 3 on Election Day until Nov. 12, a federal appeals court decided Tuesday in a 12-3 majority ruling.

Why it matters: The 4th Circuit Court of Appeals' ruling against state and national Republican leaders settles a lawsuit brought by a group representing retirees, and it could see scores of additional votes counted in the key battleground state.