Chicago called the most financially distressed major city in the U.S. – MoneyWise/Yahoo

Financial distress, as defined in the report, includes credit accounts in forbearance, deferred payment status or otherwise showing signs of trouble. Experts point to several contributing factors: stubborn inflation, uneven wage growth, high housing costs and lingering labor market uncertainty.
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David F
57 minutes ago

Biggest problem – PUBLIC UNIONS, they should be banned.
3 men on a garbage truck to do what the rest of the state.
Even two men and a truck can move an entire house!

Chercher
3 hours ago

Don’t worry-the Illinois legislature wants to change accounting practices so any financial problems can be cleanly swept under the rug.

Truth in Cook County
3 hours ago

Chicago has made itself too expensive. Ridiculous minimum wage rules, ever increasing taxes, an overly aggressive permitting scheme, the union pension benefit for vote scheme, and the cost of time lost due to traffic congestion are all factors. They have no sense that they must lower costs and compete to become a place where one sees the potential to thrive.

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