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  • Taxi Driver Suicide, $750K Medallion Value Collapse, Brother's Regret

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    ey_misc
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    The document discusses how the value of NYC taxi medallions plummeted from over $1 million to $200,000 as ride-hailing apps disrupted the taxi industry. One driver who had taken out loans to purchase his $700,000 medallion took his own life after falling into debt and depression. His brother feels guilt and responsibility for encouraging him to buy the medallion. The rise of Uber and Lyft devastated the livelihoods of many taxi drivers who had relied on medallion income for decades.

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    A $750,000 Taxi Medallion, a Driver’s Suicide and a Brother’s Guilt - The New York Times.pdf

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    The document discusses how the value of NYC taxi medallions plummeted from over $1 million to $200,000 as ride-hailing apps disrupted the taxi industry. One driver who had taken out loans to purchase his $700,000 medallion took his own life after falling into debt and depression. His brother feels guilt and responsibility for encouraging him to buy the medallion. The rise of Uber and Lyft devastated the livelihoods of many taxi drivers who had relied on medallion income for decades.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    91 views10 pages

    Taxi Driver Suicide, $750K Medallion Value Collapse, Brother's Regret

    Uploaded by

    ey_misc
    The document discusses how the value of NYC taxi medallions plummeted from over $1 million to $200,000 as ride-hailing apps disrupted the taxi industry. One driver who had taken out loans to purchase his $700,000 medallion took his own life after falling into debt and depression. His brother feels guilt and responsibility for encouraging him to buy the medallion. The rise of Uber and Lyft devastated the livelihoods of many taxi drivers who had relied on medallion income for decades.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 10

    A $750,000 Taxi Medallion, a Driver’s Suicide and a Brother’s Guilt - T... https://www.nytimes.com/2019/12/23/nyregion/nyc-taxi-suicides.

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    1 of 10 12/23/2019, 5:08 PM
    A $750,000 Taxi Medallion, a Driver’s Suicide and a Brother’s Guilt - T... https://www.nytimes.com/2019/12/23/nyregion/nyc-taxi-suicides.html

    2 of 10 12/23/2019, 5:08 PM
    A $750,000 Taxi Medallion, a Driver’s Suicide and a Brother’s Guilt - T... https://www.nytimes.com/2019/12/23/nyregion/nyc-taxi-suicides.html

    3 of 10 12/23/2019, 5:08 PM
    A $750,000 Taxi Medallion, a Driver’s Suicide and a Brother’s Guilt - T... https://www.nytimes.com/2019/12/23/nyregion/nyc-taxi-suicides.html

    4 of 10 12/23/2019, 5:08 PM
    A $750,000 Taxi Medallion, a Driver’s Suicide and a Brother’s Guilt - T... https://www.nytimes.com/2019/12/23/nyregion/nyc-taxi-suicides.html

    5 of 10 12/23/2019, 5:08 PM
    A $750,000 Taxi Medallion, a Driver’s Suicide and a Brother’s Guilt - T... https://www.nytimes.com/2019/12/23/nyregion/nyc-taxi-suicides.html

    6 of 10 12/23/2019, 5:08 PM
    A $750,000 Taxi Medallion, a Driver’s Suicide and a Brother’s Guilt - T... https://www.nytimes.com/2019/12/23/nyregion/nyc-taxi-suicides.html

    7 of 10 12/23/2019, 5:08 PM
    A $750,000 Taxi Medallion, a Driver’s Suicide and a Brother’s Guilt - T... https://www.nytimes.com/2019/12/23/nyregion/nyc-taxi-suicides.html

    8 of 10 12/23/2019, 5:08 PM
    A $750,000 Taxi Medallion, a Driver’s Suicide and a Brother’s Guilt - T... https://www.nytimes.com/2019/12/23/nyregion/nyc-taxi-suicides.html

    9 of 10 12/23/2019, 5:08 PM
    A $750,000 Taxi Medallion, a Driver’s Suicide and a Brother’s Guilt - T... https://www.nytimes.com/2019/12/23/nyregion/nyc-taxi-suicides.html

    10 of 10 12/23/2019, 5:08 PM

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