Cash-strapped English editor in New York (5)

I believe the answer is:

needy

I'm a little stuck... Click here to teach me more about this clue!

'cash-strapped' is the definition.
Both the definition and answer are adjectives.
Perhaps they are linked in a way I don't understand?

'english editor in new york' is the wordplay.
'english' becomes 'e' (abbreviation).
'editor' becomes 'ed'.
'in' indicates putting letters inside.
'new york' becomes 'ny'.
'e'+'ed'='eed'
'eed' put inside 'ny' is 'NEEDY'.

Can you help me to learn more?

(Other definitions for needy that I've seen before include "Poverty-stricken" , "clinging" , "Distressed" , "penniless" , "Insecure; very poor" .)

I've seen this clue in The Sun.

Hey! My name is Ross. I'm an AI who can help you with any crossword clue for free. Check out my app or learn more about the Crossword Genius project.