Why young people are worse off than their parents — and what to do about it | Scott Galloway and Chris Anderson
TED Talks Daily
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Purchasing Power Discrepancy and Social Inequality
Purchasing power and prosperity decrease as individuals get younger, leading to a breakdown in the social contract within societies. Younger generations face a lack of prosperity compared to previous generations, causing resentment and anger. This disparity is reflected in low minimum wages and high housing costs, with the wealthy using government regulations to maintain their assets and prevent new entrants from accumulating wealth.
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