Priceonomics's Alex Mayyasi takes a contentious stance in his post, "Why Does the Senior Citizen Discount Still Exist?" He says that the idea that senior citizens require financial help stems from high percentage of seniors who were living in poverty after the Great Depression. Federal programs like Social Security and Medicare dramatically decreased that percentage. Mayyasi now says that millennials are being screwed over by the recession and are in a vulnerable place, so maybe they should get a discount. If I made a list of things that probably would never come into existence, a discount for millennials would be on that list.
Portland Monthly has an interview with Kelly Williams Brown, who recently penned a book titled Adulting: How to Become a Grown-Up in 468 Easy(ish) Steps, and will be doing a book launch at Housing Works on Thursday (Billfold pal Lindsey Weber will also be there). I'd also like to propose "formal Fridays" where we all wear cocktail attire to work.
Kelley Robinson began working in the operations department of Goldman Sachs after she graduated from college. She quickly learned that her passions weren't in finance, and is moving on to a more inspiring career.
Derek Thompson provides some bad news about the Y generation (average debt for graduates of public universities doubled in a decade; grownup stages like buying a home are being deferred) before offering a tiny bit of good news (young people are "living in an age of affordable abundance"—especially when it comes to entertainment where things like music, movies can be streamed at little cost.
Success is a matter of luck. Right place, right time, right economy.
23-year-old MTV production assistant Yaffa Fredrick on how she afford to spend so much on dinners.