2.7 Million New Yorkers Now Live in Poverty…

In NYC, there are 340,000 Millionaires, but in New York State, almost 3 million people live in poverty, whats causing this? Is it the high rents, high cost of living or something else…
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[@user-hb8ni8ii3k]

as a millennial who was able to buy a house from my grandparents when they retired, I feel as though I got a seat on the last chopper out of Vietnam. Life is simply unaffordable for people my age and younger. The cost of living is just insane.

[@typingcat]

You "bought" a house from your grandparents? How does THAT work? Wouldn't the house be yours when they die, anyway?

[@katydid2877]

@@typingcat Or the house would go to the children of the grandparents (his Mom or Dad). My brother and I sold our parents house to my nephew after they passed. And if that persons grandparents retired this year at 65, his Mom or Dad might not get that house for 25 years, if you’re “waiting” for them to die.

[@ruben9912]

@@typingcat their house was like a retirement investment or they needed more money than their retirement could offer them because of medical cost etc. In some situations like this, your grandparents can give you a great deal on their house that you were never going to own anyways and meanwhile you can provide them with the money they need with your savings or mortgage instead of giving it to someone else whom you don't know and who is probably using middle men who are ripping you off.

[@DefinitelyNotRin]

@@typingcat It makes more sense to do it this way because if you inherit it, you'll have to pay a very large amount of taxes on it. Kind of a tax loophole but very legal. Though it is only in a handful of states. If it's not one of those states I'm not exactly sure if there's a benefit.

[@action2news256]

Grandparents love Lucky

[@dillonc7955]

The saddest part is that some people will eventually save up to move out of NYC only to vote for the exact same kinds of people who'll cause the same problems for a different state. People really need to wake up and learn from their mistakes.

[@r3dps4]

Moving out of the state you lived in for 20 to 30 year’s is actually the good thing for you but I am just a person that thinks he knows

[@Artoconnell]

Some people will go to the ends of the earth to prove themselves right, even if it destroys them. NYC is a prime example of this phenomenon.

[@JC-nl3nh]

the sad thing is people like you still think elections are real, and that voting for the red or blue team will have a different outcome.

[@CeeTeeUSA]

New Yorkers shouldn't be allowed to vote, they're not smart enough..

[@JL03241]

Yep. This could be an issue in TX, FL and other conservative states in the future. .Hopefully enough people in those states will be a buffer to the leftist idiots who will are thinking of moving there.

[@lorddrac_dontaskmetodance]

A lot of people, especially foreigners, believe NYC is the place to be to achieve "the good life." In reality, NYC is the place to be once you have already achieved "the good life."

[@SwiftySanders]

Its opposite. You get establishef in who you are and in your career in NYC. Then you move somewhere else and do your job while still getting the top dollar. The problem is that no other cities in America have walkability and transit and density. So that in and of itself inflates the value of the NYC real estate and cost of living. If you had other NYCs in other parts of the US NYC prices would drop significantly across the board.

[@josephhowell8158]

@@SwiftySanders cant have subways in rural areas lol . But we need rural areas to grow our own food to have a sustainable lifestyle

[@SwiftySanders]

@@josephhowell8158 I wasn't talking about rural areas. We are talking about cities.

[@TheVikingmythology]

No we don't, in Europe we know that most Democratic run cities are full of trash and crime.

[@realityblooms]

@@josephhowell8158he’s talking about living in a city

[@notequalto5179]

Living with roommates has been really helpful for me in New York. We share cleaning chores, sometimes we share food, and we can help each other in case someone's in trouble or gets sick.

[@malachi-]

Fartin all the time, stinkin the place up...

[@Praksifey_Sofronin]

Socialistic Happiness Ray Elisium 🤗🤗🤗👍

[@dianahahnacuna1227]

You have and are good roommates. But adults shouldn’t be forced economically to be eternal roommates to afford a shelter.

[@notequalto5179]

@@dianahahnacuna1227 I wish it were not necessary! We are students, so hopefully we can afford places of our own once we begin working full time.

[@dianahahnacuna1227]

@@notequalto5179 As students, sharing a flat with roommates is the best option. But nowadays grownups working full time have too be eternal roommates and I think the system is not right.

[@ghettosapien1392]

Born and bred in Brooklyn and I thought I'd raise my family and own a home there. But even in my early 20's I knew NYC was ridiculously expensive, and my goal to own property would be extremely difficult. So, I left my home city, bought a home, and raised my family in the south. No regrets at all.

[@clairelivefreeordie2551]

Yes...people should be branching out...the further you live from any major city, the better

[@keithb6717]

Do you vote democrat now?

[@ElleBrOw]

Whats your profession in the south? Inquiring minds wanna know. Thank you

[@KXSC02]

Me next.

[@atrailmckinley4786]

​@@keithb6717What do democrats have to do with this? I don’t see how Republicans would solve poverty

[@kedeglow2743]

The guy in the bright yellow vest is right on the money, except; It's not just lack of information. It's also "I want it NOW".

[@pleasestopscreaming]

That mentality comes from the lack of information though. People think credit is magic money. Financial literacy needs to be taught in public schools universally.

[@Fawn91193]

​@@pleasestopscreamingIt is magic money. For the banks.

[@apara2005]

Credit card debt can happen to anyone...it's so hard to get out of. I remember working 2 jobs in my 20s, and still struggled. I racked up a whopping 10k of debt by the time i was 28! I cant imagine the debt people are in now with inflation!!!

[@topparklas]

You need financial counseling

[@blinkenjoshua-xr9ub]

Sometimes we have to stop blaming government, we have to make things happen by putting something together and invest in out future.

[@paulmary-xq1mt]

You're absolutely right, to be a successful in life required not only hard work but awareness and sometime opportunity at the moment, investment remains the best way to start.

[@trumpkane-fe9ig]

The government won't do everything for you, we have to stand up for ourself so that we can leave our life.

[@parkerrosemary-it4kr]

​@@trumpkane-fe9igI agree with you. Investment is the key to sustaining your financial longevity. And not just any investment but an investment with guaranteed return.

[@alonsohernandez-nb5xq]

yeah investment is the key to sustaining your financial longevity but venturing into any legit investment or business without a proper guidance of an expert can lead to great loss too.

[@donalderic-zx5jn]

Exactly and many of us don't know where to invest our money so we invest it on wrong place and to the wrong people

[@ryanmaris1917]

Credit Card Tip: If you live paycheck to paycheck, don’t get a credit card. You’ll end up with minimum payments you can’t afford and end up even an even worse situation.

[@DefinitelyNotAFerret]

Or they should at least use something like Chime

[@IceyDivine]

i agree dont even increase the damn credit if you ony get $500 sometimes your family members have a need to go to town with money you don't even have

[@trentbateman]

@@IceyDivinethat’s crazy. So if people see they have a higher limit they just spend whatever’s available without considering if they can afford it?

[@Chris_0803]

Disagree. Just spend within your means, take advantage of the rewards, build credit, and good to have in case of emergency

[@0ut1and3r]

i disagree with that! if youre responsible it shouldnt be a problem. dont spend more than you can pay, pay on time, dont spend more than 30%. youll get rewards and cashback and build your credit, even though youre living paycheck to paycheck.

[@uninsurable9028]

My grandparents lived through the Depression and were very frugal and resourceful. My mother was a single mother with 3 kids so we didn’t have a lot. Now I’m grateful that I never got used to an extravagant lifestyle and I don’t feel like I have to support a certain lifestyle. I’m happy with what I have and I don’t have to prove anything to anyone.

[@FP65]

I commend you for that. You are a rarity in this country.

[@D.von.N]

Count me in. 40 something, bought a house just 6 years ago, with a healthy deposit, because we didn't need to prove our worth by spending money on things we didn't need. Moving out of an expensive city, getting good jobs, living cheap, both handy so a lot of things we could fix ourselves, even mending years old jacket instead of throwing it away, buying quality and long lasting shoes... things can be done if people want and know how to. I could go out and spend, spend, spend. What for? Impress whom? My pride is in fixing things and repurposing them.

[@D.von.N]

Maybe if influencers switched to frugal lifestyle, instead of cashing money for promoting products nobody needs. But then they wouldn't be who they are, right? The sheer amount of crap presented to gullible followers who feel part of the cult when they buy like a sheep from money they don't have. Chinese business model a la Temu didn't help. @@FP65

[@richardmorris7063]

Good for you, I only own one property here in Tampa but I'm you're age & never used a credit card in my life. I worked 50 hrs a wk & now have a good nest egg & everything I have is owned including my new Cadillac. People think it can't be done ,it can but you don't need to get in dept to a big University.

[@colleenpeck6347]

Our first house we built in the countryside of Orlando on a 2-acre wooden lot in a HOA community. That was in 1997, and I paid it off early. We paid $300,000 to build it, and now it's worth $900,000. Unfortunately, my husband died of an acute leukemia in 2004 at age 40. If you and your family are healthy and happy, where you live is your home. I have money, but the love of my life died, and both of my parents of cancer. I will never forget our loving family. My late husband never complained about my parents from NY living with us 6 months of the year. I took care of all 3 of them for 10 years. I wasn't able to give children because my focus was to care for them and work as an operating room nurse working all day and sometimes all night with emergencies. Be grateful for your living family, healthy children, and grandparents to enjoy them. I have money, a beautiful house with a volleyball pool and in ground jacuzzi. I haven't been in the pool in 8 years. Have goals to better yourself and your family's future and education. When all your loved ones get taken away, you realize that your bigger home or higher paying job wasn't important at all. Life insurance doesn't make you happy or loved, it only provides financial security.

[@ietefiet]

I'm from the Netherlands and NY used to be my dream city. Your videos make me perfectly happy... to be where I am. Excellent journalism though! I love watching your items.

[@loisbrady5862]

I am enjoying your comments, Cash. Since you have taken up more political topics, I’m continually impressed at what a good presenter you are. Keep on keeping on.

[@jkseraphim4]

My great aunty who visited America from the Caribbean for the first over 20 years ago. Told me she couldn't believe there were homeless people in New York. She like many people in third world countries believed America was rich because of what was shown through tv. So take that as a food for thought with current times.

[@ralphemerson497]

Good point. Many of the illegals coming in through the southern border want NYC and Chicago. Two of the most expensive cities in the US.

[@sweetla4750]

Well considering the American taxpayers are on the hook for any & all illegal freeloaders coming across the border…would she expect diff??

[@sweetla4750]

@@ralphemerson497want??naaaa they jus looking for cities/states that give the most handouts…border states have BEEN overrun,NY & Chicago has ZERO CLUE what border states deal with

[@sweetla4750]

Crazy how my comment keeps getting deleted,guess the illegals are a touchy subject but we already knew that

[@sweetla4750]

@@ralphemerson497 they give the most handouts,don’t kid urself…on top of border states are BEYOND FULL

[@AgentMoler]

I appreciate this because it just affirms what most of us know, the economy is not doing well for the majority of people. It’s so eye rolling to hear people who watch MSM tell me how great everything is looking.

[@johnbuck5181]

We just have to wait for Bidenomics to kick in 😂😂😂

[@zlonewolf]

​@@johnbuck5181New York was always high even under tRump. Nice try ya clown.

[@captiannemo1587]

Better to have some sort of plan than none at all…

[@jvanek8512]

but it's funny how at the end of the video he talks about the "free" financial counseling from the city when a lot of these problems were created by the city/government

[@snark567]

People are struggling to scrape by but at least orange man doesn't make mean tweets. It's a good thing priorities are in order.

[@lisab.1595]

I moved out of NYC with my job. I missed it so much that I flew back every single month for 4 years. I'm fortunate I have no debt, own my home and had to rethink moving back to NYC where now it would be a total struggle meeting those ridiculous rents, so, I gave up the plan and I'm staying put where I have no bills at all, and , I can fly back to the city whenever I'm homesick. It was hard to make that decision, but it was a wise one in the end.

[@dcabral00]

Great video as always, Cash. Personally, I think the biggest problem facing New Yorkers is not realizing that they can probably live nicer and more affordable lifestyles if they lived somewhere else. To me, NYC is overrated. It is not the be-all and end-all of places to live. We can probably live in another city where life would be nicer and more affordable. The people who I see that enjoy NYC the most are people who visit the city, while living somewhere else.

[@artpfenninger5914]

I totally agree. I see pictures of NYC and repeatedly say not for me. I want to be able to look out my window and see trees. grass, no traffic and not hear sirens. I want to be able to drive a car and park it for $5 a day downtown.

[@doradestroy]

No one talks about how many people end up with credit debt because of health emergencies, sick family members, caregiver responsibilities, and/or sick pets. I think most people would prefer to not have to rely on credit but the system is set up for us to need it and then when you have a crisis, everything snowballs.

[@Praksifey_Sofronin]

Banking Business Banditism 👹👹👹

[@BikeHelmetMk2]

Most people have inadequate cash buffers. Monthly expenses times 6 plus 4% of any assets and liabilities. I have met plenty of people with enough income to do very well in life, but they all tread the razor's edge. Rather than build up proper savings, they instead travel and buy new cars and gadgets and whatnot. They are one disaster away from it all falling apart, making that disaster far worse. For myself - I lived like a Buddhist monk on a mountain top until I had my savings in order... For anyone math impaired - if you had a $1m house or condo with an $800k mortgage and your payment plus living expenses came to $8000/mo, your savings buffer should be built up to about $120k. Since you're very unlikely to have that laying around, and that's a multi-year project, you just work towards it over time in whatever manner can get you there fastest. I opted to tolerate more volatility and invest in the NASDAQ 100 (QQQ), which helped. I kept my savings at about $16k and invested the rest, knowing that even in a worst case, I could sell during a crash at a 50% loss. Ultimately though, the buffer should be easy to access. QQQ is not so readily accessible while in the hospital, for example... and anyone that says "I can borrow against my home if I ever need to" - good luck setting that up while you're in agony fighting with something. Mortgage payments come out every month on the same day, on the dot. You need CASH to ensure less interruption in your life. And that might require pretending that you are a Buddhist monk until you get there. By the way, most people with mortgages put that extra money towards paying it down. It's hard to get that money back if you need it. Don't do that if the rate is low. Build up your buffers instead. Cash buffers protect against the cost of dire things that happen in life - not equity tied up in your home.

[@synchronicity458]

There is simply no reason to go into credit card debt for any one of those reasons. In fact, you can google credit card spending and see that most people are buying shit they don't need with them. They aren't getting surgeries for their sick puppies

[@RenzoRugnone]

You don't need to go into debt for any of those things if you're not a moron. The reason people have ridiculous amounts of debt is because they are immature fools who would rather enslave themselves to debt than feel beneath somebody who has more than them. It's all about not "feeling" poor because God forbid you get your life together and actually take responsibility for your actions.

[@JLee62671]

Very true and agreed.....but for every 1 person that gets into a credit card debt due to unfortunate circumstances, there's probably about 50 others that get into the same predicament due to their inability to control spending and the need to satisfy their "wants".....

[@FeigiaAT]

So basically if you aren’t a millionaire in NY you legit can’t do anything that isn’t a NEED is what I’m hearing. Can’t buy nice food, can’t eat out, can’t go to the gym, can’t drive, can’t live somewhere nice, can’t have a partner, can’t invest, can’t do shit. Who willingly chooses to live here?!

[@naplesflexplorer]

Don't forget NY and Democrats love being a sanctuary city and love to print out money for illegals for free housing, food, and medical care. Just fly to mexico and then come back as an illegal and Democrats will give you free housing, food, and medical. Problem solved.

[@Praksifey_Sofronin]

Banking Business Banditism 👹👹👹

[@Praksifey_Sofronin]

Gym =sportzal 🕵️‍♂️

[@edc1569]

Lots of free stuff to do in cities tho. Having a partner tends to slash your costs!

[@BikeHelmetMk2]

There are hundreds of lower cost of living areas with similar amounts of amenities. I honestly don't know why people gravitate towards the megacities. Most cities of even 200k have a lot to do, and often they're right beside a city of 800k+ that will attract international attractions, just with far lower costs. To me, the choice is clear... live on the outskirts of a desirable place.

[@ebs6079]

dont even get me started on food prices right now.... crazy!

[@richardkozlowsky3026]

From Montréal, im enjoying your news topo/éditorial immensely. Many thanks Cash for your inputs on New-York lifestyle.

[@oxyzzmoron]

I guess I'll be living with my parents for the rest of my life

[@glamgodess01]

U lucky 😂 hope your helping out

[@MR-xc3sw]

Rest of their lives.

[@anye76]

If mine were still alive, I'd be back at home. Don't feel bad about that. Millions of people do the same thing. This is about survival. Pay them rent, obey the rules even if they suck. Make it work.

[@clairelivefreeordie2551]

Yes...for now anyway​@@anye76

[@Archangels1]

Or the rest of their lives.

[@ENTERTAINER88]

You are doing good work for what’s going on in NYC. CASH FOR MAYOR!!

[@anniealtevers2173]

Hey! I like that idea!

[@leonorarobins3426]

Great story Cash! So sad in a rich country as ours.😢

[@mrbushlied7742]

"NYC is finished.", I've heard that one many times before. @@DZE457

[@quantifiablyqorrect2905]

😂 he has no solutions.....he prob voted for this i wouldn't doubt it, leftist for sure

[@shsharrell9267]

Cash is very talented.

[@vonnicholson-sykes6657]

“lack of information because it’s always been a problem” that sums it up. I just found out what APR or APY was at 23 years of age. I just happen to not deal in things that I know nothing about. & that makes me smarter than the rest.

[@radrobb3530]

Really sound advice all around. I've learned all of these things from select business classes and good old trial and error, but it's good seeing someone spread it for the masses.

[@anonymousadult]

The rent alone would keep me out of NYC!

[@_PAIGE94]

People aren’t able to leave their parents home and find their own place in the same city they grew up in 😢 As for groceries, even the generic brands are only a few cents cheaper smh.

[@bovnycccoperalover3579]

That's the way it was pre WW2 boom. It's possible that it will become more and more prevalent.

[@Michael-ug9ge]

This is the unfortunate result of Democrat policies and excess spending

[@jc5113]

My city in Alabama new builds are 500k 🫠

[@alylyn119]

This was very insightful cash. Currently living alone just turned 30 , divorced and living on 50k a year. Could make more but averagely .. that’s it. I live in a large town in WA near Portland and our average rents are 2300 which for me is steap. I used to eat out everyday door dash , I would work ridiculous hours and then treat myself $30 a day. I was burning my finances to the ground those bad purchase decisions.. just nice to see someone talk about this stuff. I love your videos cash. Been a subscriber since 2021.

[@kittenmasaki]

Hundreds of people talk about this and are much more useful than this vid.

[@LilyGazou]

Van life. Save up and buy land for cash.

[@1927su]

I really enjoy your posts shedding light on real life

[@sassy3923]

Thank you for teaching people to stay out of debt. Like the Bible says: "The borrower is a slave to the lender."

[@Praksifey_Sofronin]

Banking Business Banditism 👹👹👹

[@Praksifey_Sofronin]

Borrover = заемщик 🕵️‍♂️

[@Praksifey_Sofronin]

Lender = creditor кредитор 🕵️‍♂️

[@Fawn91193]

What does it have to say about fiat currency?

[@RobsNeighbor]

Cash your channels growth is going to be the fastest this year! Crushing it!!

[@LS-ny8mr]

Right? I have been a loooonnnggg time subscriber of his! And really happy to see the progress and direction of the channel… great content

[@Justanotherfuckingobserver]

I can't wait until he starts reporting on the incoming planetary system that this is all distraction from😮

[@humanchildofgod3126]

Cash.. I love your videos! You are very talented.. the world is watching!

[@3n10F]

This was one of my favorite videos of yours cash. The title mentioned nothing about credit card debt, and I was expecting a typical apartment tour video. This was much more informative and I like this subtle approach to educating people while also doing your job of showing units

[@michellek8076]

Fought and scratched my way out of NYC by working 3 jobs back in the early 90s to buy my fixer upper home in Bergen County NJ. Best decision EVER. My quality of life is excellent today. While my girlfriends spent their money at Saks and Bloomies, I wore Levis and T-shirts. Those same women are broke today while I have a lovely paid off house.

[@Rachelllllll2024]

Congrats. I don't understand why people aren't making better decisions these days. It's alarming.

[@michellek8076]

Young people must work very hard and save money by sacrificing all luxuries in order to achieve their financial goals.

[@NonameNoname-tr8uv]

As someone born in Bergen Country, NJ, New Yorkers pushed a lot of us down south. Bergen country is so close to NYC so all the New Yorkers are gentrifying tf of it. But good for you. 🫤

[@aziris7257]

I grew up in a family that penny pinched everything and almost lost our home due to my father's credit card debt. He bought into that 'buy now pay later' trend that was a huge thing in the 90s. As a result, when he got his credit card, he went to town with it, not realizing he could not afford those things he bought. Credit cards are definitely not for people who can't manage their own finances. So once us siblings grew up, we learned that lesson and never got credit cards and rarely borrowed money. We do have debit cards because the chip comes together with our bank cards. That was a good thing because due to debit cards, we can pay 'with card' without having to go into debt.

[@taliabraver]

Now with all the illegals,there will be less for our Citizens.Please!Vote red!Trump!Lets build a wall!

[@lovemusicharmonybeat]

It just sucks because you need credit history in the US In order to participate in buying a home or loans if you need one

[@Jordan.930]

​@lovemusicharmonybeat a system that punishes those who choose to not borrow money they don't have ( I wonder what group of people worked to make things be this way...... 🤔)

[@VictorTechG]

@@Jordan.930 If you use credit responsibly you get rewarded for it. I can get a ticket anywhere in the world for free just using my Amex rewards and I haven't paid a single cent in interest. I use their charge cards which don't allow you to carry a balance anyways. As always, the rich get richer.

[@kurtismckemmie4850]

I've had debit cards since I was 18 (going on 36 next week). I recently signed up for my first credit card with capital one. All I need to do is put the minimum deposit down.

[@keithsnider1958]

One of your best videos Cash!!!

[@mattanderson6672]

Thanks Cash!

[@TheAstralCatastrophe]

Lifelong NYC resident here The cost of living in NYC has become simply unreal in the last 5 years. Anecdotally my grocery shopping costs have gone up about 70% for the exact same shopping I've always been doing. Going out to eat is simply unaffordable to most people now, a simple meal at a small hole in the wall is now $25/pp minimum after you factor in taxes and tip. Even just grabbing a coffee is sickening as it can cost $3-5 for just a coffee, not even getting into barista espresso drinks which will run $6-10 for a single cup of caffeine and milk. As you mentioned the rent and transportation costs are also insane. I never ever take cabs because they're an outright scam trying to charge you $40 to move merely a few miles. First chance I get I'm leaving this city and never looking back. It's a black hole of money and frustration and the quality of life has only been degrading while the costs associated with it have only skyrocketed.

[@roshi98]

None of this is unique to NYC.

[@DZE457]

The worst feeling is getting a good job making $300,000+ a year, and you still can’t afford to live in a rat or cockroach free apartment.

[@chiquita683]

​@@roshi98liberal cope

[@markadler8968]

If you have the ability to just leave. There are areas of your country that are far safer, cheaper, cleaner, have better weather and a better quality of life. The decline of NYC has been going on for so long I am surprised there is one person that lives in that city that has the ability to leave and hasn't yet. At this point you are willingly putting yourself in this situation and have only yourself to blame for the situation you are in.

[@excentrik5725]

Grocery shopping costs have easily gone 50% up and yet the government is trying to convince people that inflation is only 3%. We live in a clown world

[@lansleyc]

Went to NY on holiday in November after a 13 yr break , couldn't believe the price of everything. Can't see me going again for a long time.

[@adamhill4141]

20% interest rate on credit cards 😭. A friend of mine started paying for everything with cash to stay on budget. I am scared to walk around with a roll of $20.

[@LilyGazou]

Keep in your sock😂

[@charonpilgrim8086]

That was some really practical advice on credit card debt and just every day living!! This is a share worthy video! Thanks

[@aye3678]

Stop sending billions abroad and start helping real Americans.

[@tioswift3676]

It’ll never happen. People are so distracted with right vs left, they can’t see America is being robbed blind, but they’d rather talk about their counterparts.

[@lordfizzz]

Amen

[@LGNY1]

I don't think you understand how our country's budget works we have plenty of money for the people but we allow private companies to decide prices and what we can or cant have. we spend the most money on healthcare yet it is one of the worst in the world because the industry is private they're are using our own money and charging us again and have somehow convinced universal healthcare is bad. we have the highest medical related taxes in the world but apparently universal healthcare is bad because of "high taxes".

[@toomanymarys7355]

They don’t need handouts. We need to control propery prices by not allowing international investments in commercial and residential real estate. No private equity buying up many many buldings too.

[@andrewgus8763]

I cannot understand why we keep sending 30% of our pay check to fund two conflicting countries in the Middle East.

[@robertcovino4889]

If one needs a credit card to afford something then the reality is they can’t afford it.

[@thelaxman59]

Cash excellent informative video. You hit the nail on the head. Please keep it up love your videos. fun and yet real. Please do more on this topic and prices maybe where to go in NYC to save. Great job.

[@YoUnOkNoWoK]

I’m 37 and it’s hardest ever been to survive

[@Phewer16]

I never understood why it is so hard for so many people to manage their credit cards. Do not spend more money than you actually have. It's that simple.

[@marymacgregor6952]

Exactly. I’ve never had a credit card because of that. If I don’t have the cash, I wait till I do.

[@TheUlli1964]

@@marymacgregor6952 I have a credit card but only one and whenever i use it ill payback imidiately.

[@ritatharp5238]

Well the government isn't setting a good example with 33.6 TRILLION in debt to Japan and China.

[@jacksonmorganfroghin4815]

I manage credit cards by not having any. Years ago I had credit cards and got into some debt. I paid them off and did plastic surgery. I took a scissors and cut them up and said "Never again!" My motto is if I can't pay cash for it, I don't need it. I now own my home have retired with my beautiful wife in South Florida and we live modestly within our means. It is still possible to achieve the American Dream. But it may not always be. Hard working entrepreneurs can still make it. Just watch Shark Tank.

[@ritatharp5238]

@@kaylancor THAT is the 🪤 trap!

[@markw9841]

In the 90s when I moved to NYC I had 3k in my savings account... When I moved out a year later I had 3k in debt on my credit card... Then I started commuting from NJ... Finally I gave up and moved to Pittsburgh.... I took a pay cut, but the cost of living was so much lower that I was able to save money again.

[@Toruk.Makto.Dracarys]

Awesome video 👏👏👏👏👏 Thank You 💥✨💫⭐🌟

[@madananoel5869]

ALL IS WELL❤

[@nexdemise4182]

I grew up in NYC and left during the pandemic. Even before then I was making like 25/hr, and living two steps above poverty in an illegal basement apartment in Queens. Probably for the best that I did because shit looks even worse.

[@graytonw5238]

No easy answers, but a key point was made at 5:25: "Consumers have been using their credit cards to support and maintain their lifestyle, even while inflation and living costs go up." Rather than adjusting their lifestyle to the circumstances, they're fighting to maintain it through credit card use. If people can't afford to pay off their credit card balance every month, how do they expect they'll be able to pay the balance AND interest? Once you fall into that trap, it's a tough hole to claw back out of. Been there, done that, and it's not a place you want to be.

[@HashFace253]

I mean eating is often a lifestyle right. But when im in the hood and see uber eats pull up...

[@user-hm1dm6tf7u]

people are mad lazy @@HashFace253

[@graytonw5238]

@@HashFace253 Yeah, if people are used to eating out, taking out, door dash, Starbucks, etc. and it's not a strain on them financially, that's their choice. But if they need to start racking up debt in order to maintain that lifestyle rather than choosing to cut back at least some and make more meals at home (even with inflation it's still cheaper than eating out), that becomes a problem. Still their choice obviously, but not a good one. And it's not easy once you've become used to a lifestyle and have to lower it even a little.

[@fecardona]

True.

[@bsr6823]

People should not have to make sacrifices because the government is failing them. Close the borders now and let Americans be free again.

[@Modern_Gypsy]

Great video. One thing about NYC is you can get every product in a spectrum of prices. If you're smart about picking the right spots to shop you can mostly avoid high prices.

[@ron.hertzberg]

Thanks joe!

[@nicholasthompson7690]

The wealth gap and housing gap between rich and poor in nyc is disgusting. I'm glad I packed my crap and left for good in March 22.

[@Praksifey_Sofronin]

Banking Business Banditism 👹👹👹

[@philjtephenson41]

Poverty is across all 1st World countries, the UK is just as bad, we need financial planning to be taught in schools to try to prepare people for modern life. Food Banks /Pantry's are a disgrace in 2024 no matter where you live.... Love the content, avid watcher from over the pond 👍

[@PenelopeGT]

These govts are doing this on purpose

[@sweetla4750]

There for the illegal freeloaders,the actual citizens get the crumbs…if any

[@DDDDD760]

It’s what happens when countries accept illegal immigrants. Do the math.

[@_Wai_Wai_]

ordinary people can't fix the problems, if the politicial leaders keep on the current path. Unless you do something drastic like a rebellion and secession.

[@Herowebcomics]

While you are right about financial things being taught in school,food banks and pantries are NOT a disgrace! They are life saving!

[@angelicasoup638]

Happy new year.

[@conspiracybarbie]

Thank u for your videos

[@ariescustom]

I've never had a credit card in my life. If I can't afford something, I'll do without. I feel fortunate to have been brought up to think that way.

[@myoldvhstapes]

Same! 50-year-old woman here. I've never been in debt, ever!

[@ariescustom]

Yup. Same age here. Only debt I ever had was my mortgage, which is now paid off.

[@colleenpeck6347]

I have my debit card / visa, but I have plenty of money in my checking account to pay cash. I also need it for my Amazon purchases.

[@karengerace7506]

Apparently you never fly.

[@ariescustom]

@@karengerace7506 You don't need a credit card to fly. 🤣

[@mrbushlied7742]

The USA needs to reinstate usury laws to prevent banks from charging 21%+ on credit cards when the prime rate is currently 8.5%.

[@williamwilson6499]

Usury.

[@Winterascent]

Yeah, right, that will happen. Your Gotv is owned by Wall Street. They want you in debt slavery.

[@avanulaneway8418]

I got a card the other day, said 34%. CRAZY

[@quantifiablyqorrect2905]

That will just encourage them to spend even more. Make it 100% interest instead!

[@benchoflemons398]

One: the primary is not close to 8.5%, it’s 5.25%. Two: these laws do not work. All laws create market distortions.

[@GladysAlicea]

As someone who may be a bit older than most here (at 69), I lived through it all, good, great and not-so-great times. I finally left NY, lived in several different states, then left US when I got sick due to a horrible landlord and trying to stay off perm disability. Lost that fight, my great credit and retirement savings. Credit cards will ruin you. I earned a nice income working since I was nine years old in NY, so my SS check's decent. Still, I'm used to living well but couldn't do that in the US, so I moved to Mexico in 2012. My health's better now and I'm bored, so may return to work. Crazy, huh? Plus, food costs increased here and the USD is in the toilet. I live in a lovely UNESCO town with all-inclusive rent of $500, wifi, cable, gas, light, water, 1/week cleaning (with tips and drinking water, less than $550/mo. Small one-bedroom in a lovely part of town, quiet, safe and great landlady, almost impossible to find). I don't need much space anymore and walk everywhere. Local and first-class buses are cheap; taxis too (call one for 70mxp=$3.40=very long walk). Sadly, rents have increased dramatically last year, because expats from US and Canada come here to buy and build. We've got Costco, Amazon and others now, which we didn't when I first moved here and lots of free events, many decently-priced restaurants, but I love to cook and rarely eat out. Residency here was a bit costly, but worth it. All in all, I miss California, but don't regret the move. Costs being so high, I wouldn't recommend moving here unless you have mucho cash or don't mind a roommate, but there are many other lovely, cheaper, smaller towns in the country.

[@mr.longtrail9960]

Love this dude.

[@markbole2496]

Can't understand people who struggle financially yet have a recent iPhone, buy coffee at Starbucks, and think nothing of ordering cocktails at a fancy bar. Some think TikTok is real and you can live a luxury lifestyle working an unskilled job. People need to get a grip of their reality .

[@jessicahawks3223]

Yeah the phone and Starbucks should be the reason alone for not being able to afford anything now a days..you're blind if you think that

[@JenX422]

Well it was reality for Boomers.. 80% no college degree worked one job could support a family- 10,000% stock and real estate runup since 1980 alone. Pure fantasy.. but it worked for them. My dad barely made it through 11th grade and ended up retiring a multi millionaire on a low skilled job all because of buying a home at age 24, paying it off over 20 years and throwing $150 a month in index funds. I couldnt get those returns in 10 lifetimes. It means Dow will need to be 3.8M without hyperinflation on living costs and a median home needs ot go to 4M

[@1NikkiNewJersey]

The cost of living is high everywhere, but yes NY is high. But I get it, the credit cards will put you in debt so bad that sometimes you can't get out or its hard to get out. Paying for food on your card cause you don't have the money right then and there can cause an issue but sometimes you have to do what you have to do. I try to pay once I get the money and before the interst kicks in. When I go food shopping., I try and use coupons as much as I can to save money. This video very educational. Thanks for sharing.

[@JasonEdwards12]

Yes everywhere it's high, residents of Kentucky, Tennessee any state is full of poverty

[@SirenaChicago]

Well done Mr. Cash Jordan! I've been a subscriber since the early 2020! Congrats to you on 689K ! Moved from Chicago to Las Vegas in 2020 left after 18 months too damn hot! Now I'm in Southern California (We call it the sunshine tax and living my California dream!) I totally understand the highest for of corruption and human greed is too much in your face in CA and NYC.

[@TheSwayzeTrain]

This was a great video.

[@TrainsFerriesFeet]

I work in the credit union industry. The number one problem is that people don't (or don't know how) to balance their checking accounts, resulting in NSF fees or fees for having transactions covered by courtesy payment fees. Don't spend what you don't have. Many people also buy vehicles they can't afford.

[@user-sw1nv7qz2c]

There should be no fees or schemes. It's treason!

[@katydid2877]

@@user-sw1nv7qz2c How far overdrawn should they allow you to go?

[@Praksifey_Sofronin]

Banking Business Banditism 👹👹👹

[@miguelpatrick79]

I agree with your statement I never understood why my 40 something year old cousin would go out his way and make his mother help him finance a Audi only for him to complain about payments unfortunately were living in the flex era keep in mind this man I speak off lives in ntc were transportation is everywhere but hey who knows.

[@kelkingston80]

I'm so impressed by your journalism. You do really important stories with such an interesting and informed point of view. What the world needs more of. I live in London and lots of your subjects apply to our situation too.

[@jenn_404]

I live in Liverpool and find it insane that london is basically a separate economy to the rest of the country, so much so it has its own higher rate of minimum wage is lunacy! Just goes to show how large the wealth divide really is overall in the uk but also how extreme it is in ldn

[@mgfinal]

Exactly. I live in Paris and I think it’s important to keep an eye on the trends in NY, to be prepared...

[@kelkingston80]

@@mgfinal I feel the same way! If Cash ever wanted to come to London to do some stories, he'd find a lot of material. Sounds like Paris is the same.

[@piter1348]

very good advices, completely agree with everything 👍

[@shaneharden8253]

Love where this channel is heading. You are the next 60-minutes!

[@eliparker8472]

I want to say, by NOT listening to commercials, we are not bombarded with TARGETED ADS. I think just a bit of an expense to avoid as much marketing as possible helps us consumers to avoid unnecessary expenditures.

[@Praksifey_Sofronin]

Banking Business Banditism 👹👹👹

[@KalpeshPatel78]

One tip I've got. Start living minimalist especially if you're going to live in an expensive city. If you have lived without something before, you don;t need it now. Another one is, Don't eat meals like Americans, even if you are one. Buy a meal, and take some of it home for later. You'll not only save money, you'll also live healthy.

[@jjmcg9184]

I already live minimalistically. I dont own a car, i shop at dollar stores & buy clothes & other items from thrift shops so im ok on that end. Only real expense i may have is food but if im at the right dollar store, i can pretty much find everything i need except fresh meats.

[@KalpeshPatel78]

@@jjmcg9184 Brilliant. Hope more and more people adapt this lifestyle. I started living like this around 2014-15. I live on rent, hence I prefer to have as less stuff as possible. It's easier to move with movers charging me a minimum most of the time. Plus, small apartments seem quite big when you have such few possessions.

[@manaylor]

I see pretty much the same financial, transport and housing problems here in the UK. Great advice and thanks for your effort.

[@aventinesolis]

Your videos are very well made and high quality. Really great content. Keep up the good work!

[@geertterharmsel]

you mean the fact he is not able to record more then 3 seconds at a time?

[@aventinesolis]

@@geertterharmsel it’s maybe how he wants to present the feel of the show.

[@johnbaldock6353]

You Forgot Medical Expenses! Watching from England i've heard stories of people going Bankrupt because of an Operation!😱

[@demonicpokeyfruit9006]

As someone who has been living like a starving college student for most of life, it is totally possible to make food comparable to fast-food and sit-down restaurants at home. It'll taste just as good if not better, just look up some recipes and budget your groceries. You'll find that your budget will go for longer and you can feed two people on what you would've spent on one person at a restaurant. Store-bought ramen can totally be converted into high-class ramen by making your own broth while still being cheap to make. Learning how to make your own bread will also save you a ton of money as time goes on.

[@cityofangelslady]

more Excellent reporting from Cash Jordan, wow this one is especially good guerrilla journalism

[@b2d327]

Happy new year to you and your family, Cash. Let's see some of those luxury apartments we like so much. Regards to Charles too

[@christinereich6050]

I don't eat out either. The whole experience had become uncomfortable. I make coffee at home. I live in New York State and taxes are unreal. Local taxes just went up 11 percent. Of course we were told this after the election.

[@malachi-]

Dem tax?

[@carlosduque8905]

The best thing you can do is to get out of NYC as quickly as possible.

[@CommadoreGeneral]

I love your reviews 💫

[@JerryDSM]

5400!?! That’s 5 months of my mortgage payments. That’s insane.

[@Pikachuvs50Cent]

Cash being a Journalist/realtor is amazing. I love these videos.

[@andrewgus8763]

Radical consumerism is part of the problem. Buying expensive new products and services that one doesn’t need nor can afford. Everywhere you go you see $1,700 iPhone 15 ads with the word “Newphoria” in them.

[@malachi-]

Consumerism.

[@mistresskate9799]

Compounding interest... make it work FOR you, not AGAINST you! 💰💰💰

[@MaxoticsTV]

I've so enjoyed watching you start as a real estate goof to becoming one of the best news reporters on KZbin. Keep up the great work!

[@rebeccacarter1914]

Wise words for everyone everywhere, not just NYC. Also I keep some cash on hand for emergencies and emergency food (including pet) and water under the bed. Things can go wrong anywhere any time.

[@ireneg9742]

One of the first places a thief will look is under the bed.

[@D.von.N]

I read it you should keep emergency food and ater under the bed. 😂@@ireneg9742

[@ashleymyers3100]

Yeah, put it in the freezer, or in a ziploc bag in the back of the toliet like in the movie: Pretty Woman 😂

[@estebanmartinez667]

Let's get 1 million subs for Cash! He deserves it!

[@richardhenry5961]

Greed with the unregulated markets of manipulated Greed. Goal Posts & Rules keep changing follow the money!

[@theresekirkpatrick3337]

Love your content but though im not in the market to rent/buy anything in nyc ever. I miss the apartment videos. Such creativity in small spaces. Peace from northern az

[@dianneatfeld687]

Really interesting video for a Brit. We have just the same problems.

[@jackhouston357]

I have 0 credit card debt! Got rid of them. If you can't afford something don't buy it,DUH

[@frankiedankymemes]

Started watching you for real estate. Stayed and continue to watch for the NY politics! 😊 Watching this video up until your most recent one. Damn. You've switched it up. Love to see the video journalism.

[@RawrBearzz]

I love how you're using TD as a backdrop because I used to work for TD credit cards and it was part of our weekly quota to sell new credit products per week or else our performance stats goes down leading to termination

[@76844]

You are relentless with these videos everyday man.

[@gutchiespencer2714]

He'll be millionaire status in 6 months.....🤗

[@tonyguzman6798]

A friend of mine is in massive credit card debit and he’s only 27! He has 9 cards 😆 I’m gonna send him this video Cash you the man!

[@D.von.N]

In China it is similar. People who previously went to the cities for education and jobs go back to their home places, whether towns or villages. Westerners should do that too. Instead of college, go for a trade if you can. Plumbers or electricians will always be needed. And they seem to earn better money than graduates who couldn't get a well paid job in their field, because the market is saturated. If you get good in your trade you will be busy and dictating price, in any part of your country.

[@HealthylifeHappylife-mb9zg]

Hi 👋 from Canada 🇨🇦. We have same issues here 😢

[@milanimorales2645]

"Fruits and vegetables seem to be sky high these days" As a pregnant woman that cannot stop eating clementines I am willing to go to the sky as many times as I need to. 😊

[@dimitarmargaritov]

I am not from America and always wanted to go to NYC to do business. I find it baffling how such a powerful and rich city can have such problems.

[@MR-xc3sw]

Democrats

[@NYPATRIOTBX]

Corruption, and what this guy said ☝🏻

[@puddincup9879]

It’s trash all around

[@forgottenman8629]

all boils down to unfettered liberalism...

[@cynthiagonzalez658]

​@@MR-xc3sw You beat me to it.

[@sprague49]

New York City has the theatre, museums, restaurants, nightlife, big city energy and culture, culture, culture! (REALLY EXPENSIVE!) Hot Coffee Mississippi has no theatre, no museums, the diner is only open for breakfast and lunch and the street rolls up at sunset. (REALLY CHEAP!) There's an entire nation between these extremes. Live where you can afford and shut up.

[@FlannelRiot]

Uncontrollable Greed is going to destroy humanity. I can't imagine what NY is going to look in lets say, 2050... I'm a native Long Islander, and I'm terrified for the future