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How the US Is Destroying Young People’s Future | Scott Galloway | TED

TED

4.9M Views . 2024-05-02

In a scorching talk, marketing professor and podcaster Scott Galloway dissects the data showing that, by many measures, young people in the US are worse off financially than ever before. He unpacks the root causes and effects of this "great intergenerational theft," asking why we let it continue and showing how we could make it end. (Note: This talk contains mature language.) Want more Scott Galloway? Join TED to unlock an exclusive members-only Q&A with Scott and Head of TED Chris Anderson on June 13: http://ted.com/membership. Members will have the opportunity to ask Scott anything and join a global community that believes in the power of ideas to change the world. Follow TED! X: https://twitter.com/TEDTalks Instagram: https://www.instagram.com/ted Facebook: https://facebook.com/TED LinkedIn: https://www.linkedin.com/company/ted-conferences TikTok: https://www.tiktok.com/@tedtoks The TED Talks channel features talks, performances and original series from the world's leading thinkers and doers. Subscribe to our channel for videos on Technology, Entertainment and Design — plus science, business, global issues, the arts and more. Visit https://TED.com to get our entire library of TED Talks, transcripts, translations, personalized talk recommendations and more. Watch more: https://go.ted.com/scottgalloway24 https://youtu.be/qEJ4hkpQW8E TED's videos may be used for non-commercial purposes under a Creative Commons License, Attribution–Non Commercial–No Derivatives (or the CC BY – NC – ND 4.0 International) and in accordance with our TED Talks Usage Policy: https://www.ted.com/about/our-organization/our-policies-terms/ted-talks-usage-policy. For more information on using TED for commercial purposes (e.g. employee learning, in a film or online course), please submit a Media Request at https://media-requests.ted.com #TED #TEDTalks #future

Scott Galloway introduces himself as a professor at NYU and begins his presentation with a humorous anecdote about his failed TV series. He then asserts that the last generation has experienced a decline in purchasing power and prosperity, leading to an intergenerational wealth transfer from younger to older generations. This transfer is evident in various areas, such as higher education and housing.

intergenerational wealth transfer
higher education
housing
Social Security

  • Scott Galloway introduces himself as a professor at NYU and discusses his experience with television shows, highlighting his comedic approach.
  • He sets the stage for his talk by stating that the current generation is facing challenges in achieving financial success compared to previous generations, and this creates a divide and resentment among the youth.

Insights from Scott Galloway's TED Talk:

1. The Great Intergenerational Theft: A Transfer of Wealth and Opportunity

Galloway argues that the last few decades have seen a massive transfer of wealth and opportunity from younger generations to older ones. He highlights factors like stagnant wages, skyrocketing home prices, and the rising cost of education, all of which disproportionately affect young people. This transfer, he contends, is not accidental but rather a purposeful consequence of policies and actions by those in power.

2. The Paradox of Prosperity: Why Older Generations are Thriving While Younger Ones Struggle

This insight examines the contrasting fortunes of different age groups in the U.S. While older Americans, particularly those over

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