Subway Got Too Big. Franchisees Paid a Price.

A Subway in Queens.CreditCreditAn Rong Xu for The New York Times Operators say they’ve lost their stores to conflicted managers over petty infractions, like cucumbers sliced too thick and sabotaged meatball bags. A Subway in Queens.CreditCreditAn Rong Xu for The New York Times Manoj Tripathi couldn’t shake the feeling that someone had a vendetta against […]

This Is What Life Without Retirement Savings Looks Like – The Atlantic

That means that as people reach their mid-60s, they either have to dramatically curtail their spending or keep working to survive. “This will be the first time that we have a lot of people who find themselves downwardly mobile as they grow older,” Diane Oakley, the executive director of the National Institute on Retirement Security, […]

How The World Has Changed Since 2008 Financial Crisis

10 YEARS AFTER THE CRISIS. Reporting by Cezary Podkul. Produced by Gabriel Gianordoli, Jess Kuronen, Tyler Paige, Peter Santilli and Hanna Sender. Published March 27, 2018 at 7:30 a.m. ET The financial crisis and the massive federal response reshaped the world we live in. Though the economy is in one of its longest expansions and stock indexes have hit new […]

Millennials are obsessed with side hustles because they’re all we’ve got — Quartz

On weekends, Colleen teaches fitness classes. Mary builds websites. Luke sells vintage video games. Tony designs and 3D-prints custom Star Wars miniatures. I write for the internet. Among my friends, and 20- and 30-somethings as a whole, the side hustle–the gig you work in addition to your day job–is so ubiquitous that, in April, Glamour […]

Half of 30-year-olds make as much as their parents did at the same age, according to a new study — Quartz

The American dream hinges on the idea that future generations will do better than the ones that preceded them. But a new study (pdf) from a team of economists and sociologists at Harvard, Stanford, and the University of California is bad news for a whole generation: Only half of American 30-year-olds today earn more money […]

Those Who Don’t Understand Trump Are Doomed to Repeat Him

The Opinion Pages | Contributing Op-Ed Writer Those Who Don’t Understand Trump Are Doomed to Repeat Him close byline-meta close extended-byline close story-meta-footer close story-meta Photo Credit Travis Dove for The New York Times Conservatives are deeply split over the rise of Donald J. Trump. Some see it as apocalyptic; others as refreshing. But two […]

Study Does Not Debunk Widespread Theory for Trump’s Rise

The Trumpen proletariat. Photo: Konstantin Sergeyev Donald Trump’s supporters tend to live in economically depressed areas where white residents experience exceptionally high rates of mortality — and exceptionally low rates of social mobility — according to a new study from Gallup. Some might view these findings as evidence that “economic anxiety” among the white working-class has […]