New York City is about to test Mamdani's progressive economic vision

With nearly 9 million residents and the world's largest financial hub, New York City is about to test a progressive economic vision under Mayor-elect Zohran Mamdani.

Proposals such as free buses, city-owned grocery stores and rent freezes have already rattled Wall Street, prompting sharp criticism from Mamdani's critics. The clash underscores a widening divide between progressive ambitions for the city and the financial sector that has long powered its economy.

Affordability sits at the center of Mamdani's agenda as he prepares to run America's largest city. Here's a breakdown of how he plans to address it.