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Eric Adams: “When you don't manage your money, on average you lose about…”

Featuring: Eric Adams, Democratic | Mayor of New York

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Mayor Eric Adams Makes Education- and Affordability-Related Announcement

Published | Video Starts at 06:05

That they're only going to have to work for someone and not work for themselves. And that is why we're doing this. When you don't manage your money, on average you lose about $1,500 a year. that could go to the things and the necessities that you must have in your life. And so today we, we are announcing our landmark Financial Literacy for Youth initiative. (06:05–06:11)

CLAIM

Asserts that poor financial management costs individuals $1,500 annually.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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