
New Yorkers In These Counties Say They’re Barely Getting By
A new study has uncovered the harsh truth about living in the Hudson Valley and Upstate New York.
Many households in parts of the Hudson Valley are struggling to make ends.
Hudson Valley Residents Say They Are Struggling To Make Ends Meet
The Siena College Research Institute teamed up with the Benjamin Center for Public Policy Initiatives at SUNY New Paltz for this study.
Over 1,500 living in Dutchess, Orange, Sullivan, and Ulster counties were polled.
For all the news that the Hudson Valley is sharing make sure to follow Hudson Valley Post on Facebook, download the Hudson Valley Post Mobile
"The results are clear: many people in the region are financially struggling to make ends meet," Siena College stated in a press release about the study.
6 In 10 Are Living Paycheck To Paycheck
The study found that six in 10 households are living paycheck to paycheck, while 63 percent say their communities are not affordable.
Four out of favie reported financial hardships from recent inflation and rising prices.
Keep Reading: Costco To Replace Ghost Neighborhood In Upstate New York
Nearly 80 Percent Are Stressed About Cost Of Living vs. Income
According to the study, 79 percent are stressed that the cost of living is increasing faster than household incomes. 78 percent cited financial hardship from recent inflation and rising prices.
Did Your Hometown Make The List? These Are Now The 20 "Worst" Places To Live In New York State
Other Key Findings
Other key findings include:
- 51% say they couldn't cover monthly bills if a sudden loss of current sources of income
- High housing costs are making it harder for people to spend or save.
- Most view Social Security as essential to their retirement finances.
LOOK: Here are 25 ways you could start saving money today
Gallery Credit: Bethany Adams
These Are Now The Highest Paying Jobs In New York State
New York's 25 Highest Fastest Growing Jobs
New York's 25 Highest Fastest Growing Jobs
Gallery Credit: Dave Wheeler