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New York City subway system sees a decline in ridership, not expecting pre-pandemic levels

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Yahoo Finance anchors discuss the chart of the day showing that New York City subway system riders are still well below pre-pandemic levels.

Video Transcript

- Time now to turn to our chart of the day on this Tuesday. And we're not talking about stocks here. We're talking about New York City's Metropolitan Transit Authority. This tracks turnstile entries for the subway over the past seven years.

You could see, despite the postpandemic trend of people going out, going out to eat, going out to Broadway shows, we're still well below the pre-pandemic levels of weekly turnstile entries. Was usually somewhere between 30 and 40 million. Now, having difficulty just getting to 10 million.

This coming as the MTA says that it might not expect to get back to pre-pandemic levels until 2035. But Akiko, I'm one of these 10 million folks. I'm taking the subway pretty frequently.

- Yeah. I take the subway every day, but how many people actually just jump the turnstile or open the door.

- I don't think 20 million.

- It's not 20 million. It's not 20 million. But I am curious about that number. Every time I go through, somebody generous opens the door and 10 people come through.

- Yeah. Well, look, I mean, we've all perhaps tried something like that.

- On a more serious note, though, there's certainly concerns about safety. I mean, that's certainly one of them. Obviously, remote work. People aren't necessarily commuting in at the levels that they were pre-pandemic.

So a lot of factors, I imagine. But I'd be curious to see how many people are staying away from the subway because of concerns about safety.

- Yeah. And for what it's worth, I mean, you go outside. So many people are dining outside. I mean, Times Square is fully packed. Now, you've learned that this weekend.

- I was playing tour guide. But it feels like the city is back. You're right. I mean, for those who haven't visited in a while, I mean, even in the last six months, feels like a huge uptick.

- Yeah. Maybe they're just city biking around instead. Who knows.