Modern Wisdom

#543 - Scott Galloway - Why Is This Generation Struggling So Much?

Oct 24, 2022

Scott Galloway, a clinical professor of marketing at NYU and renowned entrepreneur, discusses the struggles faced by millennials and Gen Z. He explains why this generation is economically worse off than their parents, with COVID-19 exacerbating the wealth gap. Galloway critiques the impacts of TikTok on youth culture and addresses modern masculinity's challenges. He offers practical advice on personal happiness, resilience, and the importance of taking risks for growth. Dive into this insightful conversation on the complexities of today's societal landscape.

01:01:44

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Episode guests

Scott Galloway

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Quick takeaways

Millennials are facing economic challenges and not outperforming their parents, impacting wealth distribution and societal promises.

Policy decisions contribute to the widening wealth gap between older and younger generations, with education costs surging and creating financial burdens.

TikTok's algorithmic design shapes societal narratives and public opinion, raising concerns about potential manipulation and national security issues.

Deep dives

Generational Wealth Gap

Younger generations, particularly millennials, are facing significant economic challenges as they are not outperforming their parents economically. The share of wealth held by people under 40 has decreased, impacting educational opportunities, home ownership, and financial security. This shift raises concerns about the societal promise of providing a better life for future generations based on hard work and dedication.

Developing Emotional, Physical, and Intellectual Strength in Your 20s and 30s

02:14

The Chinese Algorithm on TikTok and the Overwhelming Popularity of the App

01:00

The Importance of Taking Back Masculinity

01:23

Did the Baby Boomers Overachieve?

02:09

Intro

4min

The Economic Disparity Between Generations

4min

Economic Struggles and TikTok's Impact

15min

The Struggles of Modern Masculinity

34min

The Power of Resilience: Strength in Your 20s and 30s

3min

Embracing Risk: The Key to Personal and Professional Growth

7min

Scott Galloway is a clinical professor of marketing at the New York University Stern School of Business, a public speaker, entrepreneur and an author.

Millennials are the first generation who have not done better than their parents. Educational outcomes, finances, home ownership, mental health and marriage rates are all thrown up in the air. Why has this happened and what can we do about it?

Expect to learn why covid worsened the wealth gap more than it already was, why TikTok is a trojan stallion which should be banned, why news pundits suck so much, what makes a news story go viral, Scott's advice to young people on how to maximise effectiveness in life, the most important things to focus on in order to be happy and much more...

Extra Stuff:

Buy Adrift - https://amzn.to/3eO29zq

Check out Scott's website - https://www.profgalloway.com/

Get my free Reading List of 100 books to read before you die → https://chriswillx.com/books/

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