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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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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.

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.

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