https://quadrant.org.au/magazine/2022/03/mugger-money-and-a-new-epidemic-of-crime/
Rob Long is a television writer and producer, author and journalist. He was writer and co-executive producer of the comedy series Cheers.
“Young people in this city,” a native New Yorker said to me last week, “don’t even know what mugger money is.”
He went on to explain. Mugger money was the small wad of bills most New Yorkers would carry around with them between the mayoral administrations of John V. Lindsay (1966–1973) and David N. Dinkins (1990–1993).
Mugger money was what you kept with you because you expected to be mugged eventually and you needed something to hand over to placate the attacker and persuade him not to kill you. It was kept separately from your actual money in your actual wallet—my friend told me that some more theatrical friends of his would keep their mugger money in a dressed-up fake wallet—and you’d toss it to the mugger and then make a run for it.
The criminal would get some cash and the victim would keep the bulk of his money, along with his identification—a bureaucratic nightmare to replace—and his credit cards. It was, as progressive social scientists might say, a win-win. It was the tax you paid for living in the crime-infested City That Never Sleeps.
Mugger money symbolised the thirty-year lopsided truce between the law-abiding citizens of New York and the criminals and marauders who threatened them. New York apartments in the 1970s and 1980s sported doors with multiple locks and steel bars wedged between the door and the floor. Windows were barred or bricked in. Central Park and Washington Square were drug bazaars during the day and off-limits at night. Trash-can fires blazed in the heart of Alphabet City—unattended, unnoticed and certainly ignored by police and firefighters. Times Square was a cesspool of porn and small-time gangsterism. And only fools rode the subway.