The $750,000 Head Start Rich Kids Get | Office Hours
Scott Galloway argues the US has redirected wealth away from young and middle-class people toward the wealthy and elderly, covering inequality, housing, and why happiness is relative.
The gist
-
Private school spending gives wealthy families a $750,000 education advantage over 12 years, translating to a 130 to 250 point SAT gap.
-
Seniors are 72% wealthier than 40 years ago while people under 40 are 24% less wealthy, reflecting a massive generational wealth shift.
-
Home prices are up 400% since 1985 while incomes rose only 50 to 200%, pushing the first-time buyer age to 40 and suppressing birth rates.
-
Galloway says unhappiness is driven by comparing yourself to the top 1%, not by actual living standards, and algorithmic feeds make this worse.
The Prof G Pod – Scott Galloway and This Week in Startups agree on 3 things
See what they all use, in their own words. Paid ads are left out.
See what they all swear by Or pick your own peopleAlso mentioned
Ads in this episode
Fora. They're paid, so we keep them out of the picks above.
See what The Prof G Pod – Scott Galloway recommends without being paid →
◎
Related episodes
Episodes covering similar topics
Chamath: Bitcoin Goes to Zero, Robots vs. $40T Debt, Elon’s SpaceX Shares for 72M Kids | EP #304
wealth inequality
Why Rich People Want More Debt, Not Less — With Morgan Housel
wealth inequality
The Debt Spiral Just Started — And the Bond Market Is Breaking
wealth inequality
More from The Prof G Pod – Scott Galloway