A UCLA professor told MSNBC’s “Morning Joe” that young people are struggling to achieve the American dream thanks to high inflation and bad policies that are wiping out their wealth and preventing them from starting families.
“For the first time in our nation’s history, a 30-year-old…isn’t doing as well their parents were at 30. That is the social compact breaking down,” said Marketing Professor Scott Galloway on Wednesday.
.@profgalloway: "For the first time in our nation's history, a 30-year-old… isn't doing as well their parents were at 30. People are opting out of America… because, frankly, they're pissed off. They see exceptional wealth across my generation—and they're really struggling." pic.twitter.com/93DLk24ocU
— Morning Joe (@Morning_Joe) April 23, 2024
“People are opting out of America. They’re not optimistic about it, they’re not having kids. Young people aren’t having sex. They’re not meeting, they’re not mating. The pool of emotionally and economically viable men shrinks everyday which lessens household formation. So we have an issue. Young people are enraged.”
“Because, frankly, they’re pissed off. They see exceptional wealth across my generation and people in certain industries, and they’re really struggling,” he added.
Galloway went on to explain how the Federal Reserve’s money-printing after the COVID plandemic spurred enormous inflation that’s driven asset prices — which young people haven’t attained — way up.
“Young people have every reason to be enraged, and every issue they see they look up, they get angry and they someone doing better than them and it’s speedballed in their face that they’re failing,” he noted.