TED Talks Daily How the US is destroying young people's future | Scott Galloway
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May 2, 2024 
Scott Galloway, a marketing professor at NYU and outspoken podcaster, tackles the grim economic future facing young Americans. He highlights alarming trends of 'intergenerational theft' that leave millennials and Gen Z struggling with rising costs of living and stagnant wages. Galloway examines how older generations benefit from outdated social safety nets, while youth grapple with the adverse effects of technology on mental health. His call to action urges reforms to create a more equitable future for the younger generation.
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Intergenerational Wealth Transfer
- Younger generations face declining prosperity and rising costs of living.
- This disparity breaks the social contract and fuels resentment towards older generations.
Housing Market Manipulation
- Incumbents, particularly homeowners, use government regulations to restrict new housing.
- This artificially inflates home prices and benefits existing homeowners at the expense of potential buyers.
Galloway's Education
- Scott Galloway shares his experience of getting into UCLA and Berkeley with a low GPA.
- He highlights how higher education used to offer more opportunities for unremarkable students to become remarkable.