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31 Jul 2026
8m

Mamdani markets, America bets, Gen Z drinks

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The Indicator from Planet Money

New York City’s initiative to establish government-subsidized grocery stores aims to provide a 30% discount on essential goods, though the project faces significant economic hurdles, including razor-thin profit margins and the risk of arbitrage by resellers. Meanwhile, the sports betting industry is experiencing rapid growth, with $166 billion wagered annually; when adjusted for actual industry revenue, this figure remains a strong competitor against traditional entertainment sectors like museums and music. Additionally, shifting trends in alcohol consumption reveal that Gen Z drinking rates now align with the general adult population at 74%, debunking earlier theories of widespread abstinence and highlighting a continued preference for social drinking environments. Amid these economic analyses, Darian Woods announces a hiatus from the show to write a book on decision-making, with Ricky Mulvey joining as a temporary co-host to continue the program's coverage.

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