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Generation of Taxi Drivers in Debt After Bubble Burst
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Generation of Taxi Drivers in Debt After Bubble Burst

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Demography Unplugged
Jun 03, 2019
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Generation of Taxi Drivers in Debt After Bubble Burst
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The NYT published a blockbuster investigative series on the taxi medallion bubble, which left a generation of drivers deeply in debt after it burst. The collapse was blamed on ride-sharing, but the main driver was reckless lending practices similar to those that precipitated the global financial crisis.

—The New York Times

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