Remote work is reportedly saving Manhattan workers $12.4 billion per year in spending. This is due to workers spending 30% fewer days in the office, according to Bloomberg. The average worker is spending $4,661 less per year on meals, shopping and entertainment near their offices in New York. This compares to $3,040 in San Francisco and $2,387 in Chicago. However, this is bad news for restaurants, retailers and other businesses that drive New York’s economic engine. Office vacancies pose a serious problem for the city, with the transit system’s finances being in free fall. "If you have fewer commuters, that means less revenue," said Jose Maria Barrero, Professor at Mexico’s Instituto Tecnologico Autonomo.