Most New Yorkers are falling short of covering living costs by $40K a year: Report ^84.4%

Gothamist - By Karen Yi - 5/15/2026, 6:16 PM

Negativity Bias 40.4% - Representativeness Heuristic 27.4% - Framing Effect 25.2%

Six out of 10 New Yorkers are struggling to pay their bills and don’t have enough money to cover unexpected expenses or save for the future, according to a new report by the nonprofit Urban Institute. Families need another $40,000, on average, to make up the difference between what they have and what they need, the report by the... more