(NaturalNews) The Obama economy has been anything but stellar, and in fact, there has not been a single quarter’s worth of growth at or above 3 percent since he took office. While a few years could be blamed on the historic collapse of the housing market and other financial institutions, Obama’s last term should have seen real recovery, but it hasn’t.
In fact, according to a recent report, nearly 60 percent of New Yorkers are just a single paycheck away from being out on the street.
As The Gothamist notes, more than half of New Yorkers do not have enough money stashed away to pay for housing even for a month in the event they lose their jobs or have some medical emergency (the latter of which wasn’t supposed to be an issue anymore, we were promised, under Obamacare!).
The Association for Neighborhood & Housing report further claimed that, based on the organization’s findings, some six in 10 New Yorkers also did not have the emergency savings to cover three months’ worth of household bills – including food, housing and rent – though the percentage is not evenly spread throughout the five boroughs of the city. (Click to Article)