Most Low-Income New Yorkers Have Less Than $1K In Their Bank Accounts

Crain's New York Business:

A survey of low-income New Yorkers shows that two-thirds have less than $1,000 in savings to fall back on should even tougher times hit, while one-third have no savings at all.

Read the whole story: Crain's New York Business

Comments

[CelestePulchra]

In response to article and title,
"No sh*t"

[EminemsRevenge]

WOW...who are these people??? After bills are paid i MIGHT have $10 in "savings" at any given time!

[dct1999]

Unbelievable, poor people have no savings. Who would have suspected this?

[econ1]

Kind of an odd article.

"People without much income don't have much money."

But Charles Rangel may have shown them the way....don't report the income and get free services that you don't count in income and let it pile up.