Crunched New Yorkers

The BBC has an excellent profile of three New Yorkers, all of whom are economically affected by the so called credit crunch. The stories are harsh.

BBC: Credit crunch victims await final bill

Foreclosures have gone up in New York by 40%. There is a new poor underclass: these are not people who don’t have jobs. They’re people who are in full-time employment, but simply can’t keep pace with rising costs.

...her monthly repayments have soared by 60% with the banks' rise in interest rates.

She's facing foreclosure and her spirit is fraying.

She's working more than 100 hours a week in four different jobs (to make ends meet).