According to a survey of low-income New Yorkers, Crain's reports 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."
The Community Service Society, which conducted the survey, points out that one-third of all New York voters is a low-income New Yorker. (Low-income is defined as "those earning less than 200% of the federal poverty level, or less than $36,000 for a family of three.") Other findings: 59% of those low-income respondents are worried that a household member will lose a job, the number of workers receiving health insurance dropped, as well as the number of those receiving prescription drug coverage and paid sick leave.
CSS president David Jones told Crain's, “New Yorkers who are living in poverty are really frantic, scrambling to make ends meet."
