New York has long been known for its high rent prices and cost of living. But as an affordability crisis further deepens in the Big Apple, a quarter of its residents can no longer afford basic necessities like housing and food, a new report reveals.
The new data comes from a research group at Columbia University and Robin Hood, an anti-poverty group. The report is part of a 13-year-study that surveys a representative sample of about 3,000 households in New York City.
