Millennials

The grim future of restaurants

In this image, a waiter carries several entree plates while walking through a restaurant.
A waiter in 2008 in San Francisco, California. Photo: Justin Sullivan/Getty Images

The golden age of restaurants may be over, thanks to the collision of oversaturated markets, rising labor and food costs, changing consumer loyalties, a shrinking middle class, and declines in mall traffic, WashPost's Laura Reiley writes.

Why it matters: The restaurant industry can be a precursor to a bear market or recession.

Millennials are relandscaping the housing market

Illustration of a row of houses shaped like arrows charting upward.
Illustration: Sarah Grillo/Axios

Rising home prices, falling savings rates, record debt levels and strict lending practices have contributed to pushing homeownership farther out of reach for aspiring young buyers.

Why it matters: Owning a home is considered a first step toward financial security and has become more difficult as Americans experience the biggest wealth gap since the Roaring '20s.