The Week | The Cost of Being Young in America
Scott Galloway and Ed Elson examine how housing costs, student debt, stagnant wages, and aging leadership have left younger Americans with far fewer opportunities than previous generations.
The gist
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Only 18% of Americans aged 18-34 say they are extremely proud to be American, compared to 50% of those over 55.
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Young people shut out of housing and stable jobs are turning to crypto and meme stocks as their only realistic path to financial escape.
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The median US senator is 65 while the median American is 38, and Galloway argues cognitive capacity drops around 20% by age 80.
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Galloway suggests hyper-local organizing, think neighborhood group chats and regular community meetings, as the most practical antidote to disengagement.
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