Zohran Mamdani: “We lost $23 billion in economic activity because parents…”

“After rent. It'S the biggest cost burden on working families with kids. And these are some of the only options they have. Option one. A parent leaves their job. In 2022. We lost $23 billion in economic activity because parents quit or had to cut hours to [care for] kids. Option two, families leave New York entirely. Households with young children are twice as likely to move. Option three. Families go. Into debt because. They have no choice.” (00:26)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.