Summit Wealth Management advises New Yorkers on debt and saving
Updated
Updated · Spectrum News · Apr 30
Summit Wealth Management advises New Yorkers on debt and saving
1 articles · Updated · Spectrum News · Apr 30
In Jamestown, wealth manager Luke Buehler said nearly 70% of clients live paycheck to paycheck, while Fredonia residents face a 4% tax rise this year after 54% last year.
Buehler said overspending, rising living costs and weak long-term planning are key pressures, urging clients to track spending honestly, pay down debt and build savings first.
Retired teacher Bob Ricker said discipline and trusted advice helped his planning, while Fredonia Mayor Mike Ferguson said stagnant pay and a 24% poverty rate leave households with less to save.
As local taxes skyrocket, is 'paying yourself first' still a realistic solution for the average family's financial struggles?
With federal ARPA funds gone and costs rising, how will small cities like Jamestown avoid a fiscal cliff and maintain public services?
Chautauqua County's economy is growing, yet its cities are in crisis. What explains this disconnect between regional growth and local hardship?