A new report from the U.S. Senate Joint Economic Committee – Minority finds New Yorkers are paying $5,000 more on everyday goods and services as of July 2026.
This is compared to the national average of $3,800 for most Americans since President Donald Trump took office.
U.S. Sen. Kirsten Gillibrand on Friday while speaking to reporters at the New York State Fair said, “$5,000 is a lot of money. Our average wage earner in New York earns between $40,000 and $50,000 — $5,000 increase in cost? That’s 10% increase in cost for them. That’s too much money. They can’t afford
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