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The Real Deal: New Yorkers having difficult time paying household expenses

In the survey from the U.S. Census Bureau, half those that took the survey said they are having a difficult to very difficult time just meeting monthly expenses.

Kristie Reeter

Aug 30, 2024, 6:22 AM

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Sometimes it feels that just stepping outside in New York it will cost you. From rent, to high food prices, New Yorkers are feeling the impact of the economy.

Caleb Silver, editor in chief at Investopedia, points to a new survey showing a few years of inflation have stretched New Yorkers budgets to the limit.

In the survey from the U.S. Census Bureau, half those that took the survey said they are having a difficult to very difficult time just meeting monthly expenses.

Talking to New Yorkers on the street, many agree. But they say focusing on building up an emergency fund can help in your financial goals.

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