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Barron's Streetwise

Last Call for Alcohol Stocks?

Feb 7, 2025
Nnamdi Ananwesi, co-manager at Ethel & Tank, a college bar in Columbus, Ohio, discusses the dramatic decline in alcohol sales among youth, attributing it to health consciousness and shifting social norms. They explore the rise of non-alcoholic drinks and the transformation of nightlife culture. Ananwesi shares insights on how the whiskey market is adjusting to new consumer attitudes, while humorously reflecting on the French paradox and changing perceptions of moderate drinking. The conversation highlights a broader trend towards health-oriented social activities over traditional partying.
37:03

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Podcast summary created with Snipd AI

Quick takeaways

  • The decline in alcohol consumption among young people is driven by a cultural shift towards healthier lifestyles and greater fitness awareness.
  • The alcohol industry's revenue drop and the increasing perception of health risks associated with drinking suggest a challenging future for traditional alcohol consumption.

Deep dives

Declining Alcohol Consumption Among Young People

There is a significant decline in alcohol consumption among young people, particularly at college bars, which have started seeing less late-night activity. Factors contributing to this trend include a shift towards healthier lifestyles, with many students opting for fitness regimens and wellness activities instead of drinking. For instance, programs like '75 Hard' promote physical fitness and discipline, reflecting a broader cultural shift among young adults. Additionally, the pervasive nature of social media has made young people more conscious of their behavior in public, deterring them from excessive drinking due to concerns about how their actions may be perceived online.

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