One of the hardest-hit cities of the pandemic, New York City, is struggling to return to its former glory.
Big rotting apple. Over 160 business leaders signed a letter to the New York City mayor, urging him to stop the city’s decline.
- Within the letter, the leaders asked the mayor to reactivate prior services that have since been cut since the pandemic such as garbage pickups and graffiti removal.
- Among the leaders included executives from Mastercard, Citigroup, and Nasdaq.
- Homicides are also up 49% after the pandemic compared to last year.
The message: The business leaders stated that the city needs to become safe and maintain a healthy environment again, or else people will be slow to return to the city.
How Does it Affect My Wallet?
Financial crisis. New York City is currently in a $9 billion deficit over the next two years.
- Over the next coming weeks, over 22,000 NYC government workers are expecting to be laid off.
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