Why Urban Life Suddenly Got Way More Expensive | Atlantic

Updated 2 years ago

The Gravy Train is ending. It’s not just inflation. It’s the end of the Millennial Consumer Subsidy.
For years, Silicon Valley had made a secret pact to subsidize the lifestyles of urban Millennials. The golden age of bougie on-demand urban-tech discounting has come to a close.
Get ready for many, many more unintended consequences of the cascade effect of rising interest rates.

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