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Why Millennials Are Doing Worse Than Their Parents - Scott Galloway

Scott Galloway is a clinical professor of marketing at the New York University Stern School of Business, a public speaker, entrepreneur and an author. Millennials are the first generation who have not done better than their parents. Educational outcomes, finances, home ownership, mental health and marriage rates are all thrown up in the air. Why has this happened and what can we do about it? Expect to learn why covid worsened the wealth gap more than it already was, why TikTok is a trojan stallion which should be banned, why news pundits suck so much, what makes a news story go viral, Scott's advice to young people on how to maximise effectiveness in life, the most important things to focus on in order to be happy and much more... Sponsors: Get 15% discount on Craftd London’s jewellery at https://bit.ly/cdwisdom (use code MW15) Get 15% discount on all VERSO’s products at https://ver.so/modernwisdom (use code: MW15) Get 5 Free Travel Packs, Free Liquid Vitamin D and Free Shipping from Athletic Greens at https://athleticgreens.com/modernwisdom (discount automatically applied) Extra Stuff: Buy Adrift - https://amzn.to/3eO29zq Check out Scott's website - https://www.profgalloway.com/ Get my free Reading List of 100 books to read before you die → https://chriswillx.com/books/ To support me on Patreon (thank you): https://www.patreon.com/modernwisdom #scottgalloway #wealth #dating - 00:00 Intro 00:22 Are Young People Worse Off Than Their Parents? 07:10 How TikTok Has Been Weaponised 19:19 Why Lonely Men Are Dangerous 28:09 Is Technology Sedating Men? 36:05 The Integrity of News Pundits 42:53 Society’s Problems of Super-abundance 52:35 Scott’s Advice to People in their 30’s 1:01:02 Where to Find Scott - Get my free Reading List of 100 life-changing books here - https://chriswillx.com/books/ Listen to all episodes on audio: Apple Podcasts: https://apple.co/2MNqIgw Spotify: https://spoti.fi/2LSimPn - Get in touch in the comments below or head to... Instagram: https://www.instagram.com/chriswillx Twitter: https://www.twitter.com/chriswillx Email: https://chriswillx.com/contact/

Scott GallowayguestChris Williamsonhost
Oct 23, 20221h 1mWatch on YouTube ↗

At a glance

WHAT IT’S REALLY ABOUT

Scott Galloway Dissects Millennial Decline, TikTok, Masculinity, and Media

  1. Scott Galloway explains why, for the first time in U.S. history, young adults are doing worse economically than their parents, arguing this is the result of deliberate policy choices that transfer wealth from younger to older generations. He criticizes regressive tax structures, housing and education policy, and pandemic relief that favored already-wealthy Boomers, turning America from the best place to get rich into the best place to stay rich.
  2. Galloway and Chris Williamson then examine TikTok as an extraordinarily successful but geopolitically dangerous product, potentially serving as a subtle propaganda and polarization tool for the Chinese state while feeding American youth a diet of divisive, anti‑institutional narratives. In contrast, China’s domestic version, Douyin, promotes aspirational, apolitical content and tightly regulates youth screen time.
  3. A major focus is the crisis facing young men—falling educational attainment, economic stagnation, loneliness, and a distorted mating market—that leaves many men broke, alone, and vulnerable to misogynistic or extremist content. Galloway calls this an existential societal risk and argues for reclaiming and redefining masculinity, expanding male role models, and rebuilding in‑person community.
  4. They close by critiquing partisan media economics, the attention economy’s “race to the bottom of the brainstem,” and offering pragmatic life advice for people in their 20s and 30s: build physical and mental grit, move to big cities, take social and professional risks, and be intentional about choosing a long‑term partner.

IDEAS WORTH REMEMBERING

5 ideas

Intergenerational inequality is a policy choice, not an inevitability.

Tax codes that favor mortgage interest and capital gains, massive Social Security transfers to already-wealthy retirees, and education and housing policy have systematically tilted capital toward Boomers and away from younger workers; because we chose these rules, they can be rewritten.

America has shifted from high mobility to entrenched wealth protection.

Galloway argues the U.S. is now better at helping people stay rich than get rich, with exclusionary behaviors—elite college gatekeeping, NIMBY housing politics, and tech monopolies—locking in advantages for incumbents and limiting churn and opportunity for the young.

TikTok is both a brilliant product and a strategic vulnerability.

Its ultra-personalized, choice‑less feed maximizes engagement but also makes it easy for a foreign owner to subtly up-rank anti‑American, anti‑institutional narratives, turning millions of domestic creators into unwitting amplifiers while China’s own Douyin feeds its youth aspirational, censored content.

Young men are in deep trouble across multiple dimensions.

Boys and men lag in education, dominate grim statistics (suicide, overdoses, incarceration, mass shootings), are increasingly shut out of the mating market, and are oversupplied with digital substitutes (porn, games, social media) that sedate rather than develop them, creating a cohort of “young, broke, and alone” men.

Reclaiming masculinity is crucial for both men and women.

Galloway distinguishes masculinity from toxicity, framing healthy masculinity as protection, responsibility, and service to others; he urges the political left to champion constructive male role models and opportunities instead of ceding the space to grifters peddling misogyny.

WORDS WORTH SAVING

5 quotes

This isn’t forces greater than us. These are deliberate decisions… we’ve deliberately taken money from young people and transferred it to old people.

Scott Galloway

America has morphed from the best place to get rich into the best place to stay rich.

Scott Galloway

The most dangerous person on the planet is a young, broke, and alone man.

Scott Galloway

Nothing wonderful will happen to you unless you take an uncomfortable risk.

Scott Galloway

We’re eating each other in the US internally… the fastest way to defeat an enemy is to atomize them.

Scott Galloway

Intergenerational economic decline and deliberate wealth transfers to Baby BoomersHousing, education, taxes, and pandemic policy as structural drivers of inequalityTikTok, Douyin, and social media as tools of influence, propaganda, and polarizationThe crisis of young men: education, employment, mating markets, and lonelinessMasculinity, “toxic masculinity,” and the political weaponization of disaffected malesMedia economics, partisan punditry, and the attention-driven news ecosystemLife strategy in your 20s and 30s: grit, cities, careers, and relationships

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