Daily Reads 8/28/2019
Hi, everyone. For Wednesday, we dive into personal finance, and look at the data behind age and income, and how this can inform your longterm planning. Amazon continues to cut prices at Whole Foods, dropping 2.5% on average. The rise of casual workplace culture has many opting for comfort over pay. Peloton files for IPO. And Popeye sells out of its chicken sandwich in less than a month.
In the most common career trajectory, earlier years coincide with a lower salary as skills and experience grow. Then, peak earning years are achieved in late adulthood, and eventually retirement comes onto the horizon. Is this typical earnings arc supported by data?
One-third of workers said they would rather have an informal dress code than an extra $5,000 in pay each year, according to a new report.
As of August, Whole Foods prices are down roughly 2.5% on average compared with last year, according to a note published by Morgan Stanley on Tuesday.
Peloton reported $915 million in total revenue for the year ending June 30, 2019, an increase of 110% from $435 million in fiscal 2018 and $218.6 million in 2017.
Popeyes stores across the country have been selling out of the sandwich after a Twitter feud between Chick-fil-A and Popeyes inspired consumers to taste the new sandwich for themselves.