Modern Wisdom #543 - Scott Galloway - Why Is This Generation Struggling So Much?
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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.
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Millennial Disadvantage
- Millennials are the first generation not doing better than their parents, facing lower economic outcomes.
- This is due to deliberate policy choices like tax cuts for homeowners and stockholders, favoring older generations.
Boomer Advantage
- Baby Boomers benefited from economic booms and have prioritized policies enriching themselves.
- This has resulted in a transfer of wealth from younger generations to older, wealthier ones.
TikTok's Potential Weaponization
- TikTok, while engaging, may be a tool for subtly undermining America.
- By manipulating content, it could foster negativity, erode trust, and divert attention from China's issues.
