Scott Galloway Describes the Tough Future Facing Gen Z | WSJ News 

It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.

It's refreshing to hear someone admit that his success wasn't solely based on his hard work but that the bar was lower and allowed for more people to develop their human potential.

I’m glad he admitted to NOT being qualified yet still got an opportunity for school.

I have listened to this man speak 3 or 4 times now on RU-vid. From occasion to occasion, he recites his info clearly, and precisely, and it doesn't change. He speaks with clarity, precision, and earnesty. And he speaks with evident, clear passion for the topic. As a 22 year old man in America, this boomer is fighting on my behalf and I will continue to support him every second. As of today, while I remain vigilant, I see Scott Galloway as a genuine person. Somebody else already said it, give him more airtime.

Finally someone who understands the issues through and through. Scott needs way more airtime.

If employers complain there is a shortage of trained workers, train more people. Dude makes sense.

Scott Galloway is THE model of leadership we need in the world.

the older generation no longer care about creating a better world that only their children will experience, instead exploit it as much as you can before you go

It’s insane how on point he is

Finally someone is clearly articulating the rot in society.

Due to the high cost of housing in comparison to my parents' generation, I am 42 years old and can now finally afford to buy a home. To help my kids buy a house in the future, I am even setting aside additional money for them now. This guy is right on. Huge admiration from the west of Europe.

This guy is a rockstar. I met him last month at his book signing. Few people speak this much truth.

Realness, intelligence and anger. It wells up beautifully in this man. It gives me hope

He's actually a professor I would be happy to have if I were to study marketing in college

I’m South African, now living in Canada. Scott Galloway is becoming my new HERO!

As a person that has a Masters license in Plumbing, I want to point out a number of states require 4 years of schooling at night, along with 4 years of 8 hours a day working to just become a Journeyman plumber. This also true of a number of trades. We don't just show up and are trained on the job and i hope Scott Galloway understands this. The reason it takes 4 years, is there is a lot to learn both in school and in field working. One of the greatest blessings that has been for working in a trade, is can fix 95% of any issues in my home. I really like Scott take on where we are going. Average age of a tradesman is 45. If people think plumbers are expensive now, wait until there is the work force has shrunk more and the cost of labor has really gone up. Average journeyman plumber is making between $40 to $60 per hour depending on the state they work.

I am 42 and finally able to buy a house becouse the cost is so big compared to my parents generation. I am even saving extra for my children so they can buy a house later in life. This man is spot on. Much respect from western Europe.

My man here admitting that it's an intergenerational / class centric conflict of interest in the western world today. He's saying the quiet part out loud and should absolutely be lauded for having the courage to do so.

This dude is absolutely torching the contemporary liberal orthodoxy, as a liberal. Finally. Finally. Conservatives can talk to we’re blue in the face, but until heroes like this step up, nothing will change.

A boomer that actually cares about future generations is a rare sight.

Hurray for pointing out the need for vocational training/certifications!! SO many areas of our society struggle mightily to fill the need for skilled workers!! I’ve observed the respect that vocationally-trained individuals get in Germany. They make a good living and people don’t give them grief for not going to Uni! Our society (American) needs to adjust our attitude and not be such snobs!

Ban investor purchases of single family homes. Period. Even small mom and pops. No more investors buying single family homes

Thank you finally a boomer that understand because he actually did his research 😅

I seriosuly do not understand the hate revolving around Scott, he's so spot on it hurts!

I'm 33, at 18 my mom told me to go to college or get out. I was forced to go years before I was ready and now I can't go back because I'm $10,000 in debt. I've tried 6 times to go back to college and no one will accept me just because I have debt I can't pay back. I'm currently IT for NASA.

Mr Galloway has it right. We need to make things easier for young people and encourage a better future for them. Im 72, and my kids have done well, but I see many that arent. Those who don't succeed in life only cost us in heartbreak, grief, and loads of money. Whats wrong with thinking about our young people for a change.

Actually our most lucrative businesses need to apprentice young Americans. We need to incentivise these programs without all the crazy college debt.

His TED Talk was so on point!

I’m 33 and I feel like I’ve gained more insight into what the wealthy are doing and why in the last hour, watching Scott Galloway speak across various videos, than I have in the last 20 years of listening to politicians consistently distract people with misdirection and lies. Bravo Scott.

This is the kind of perspective we need to bring to the table. It encourages discussion across the aisle.

He hits the nail on the head. I dropped out of school at 17 and started working. It took me approximately 10 years to get to the same level as my peers who went to college. However I have no debt, which enabled me to buy a house where a lot of people I know struggle. I feel I do not have much to look forward to in the future just like the rest of my generation. We have all been told go to college to win at life, yet most college graduates work mediocre jobs for mediocre pay and people who actually learned a trade get paid much better due to simple supply and demand. The world needs mechanics, plumbers, carpenters, nurses. We cannot live in a world of just doctors and lawyers. I hope it will get better but I am quite confident things will get much worse before they get better

It's shameful how the younger generations have been forced to work their butts off, done the right thing in getting educated or skilled, and may still struggle to obtain a middle class life. Further to that is the investment in to the very young- toddlers and k-12. Its shameful that you have to have rich parents to have a shot at a comfortable life. Older folks need to wake up and really understand the legacy they are leaving their kids and grandkids.

My college tuition was raised by $5,000 during my time as a student. I pressed them time and time again to release the budget because they removed extra-circulars, but didn't add any new programs. They told me as a private university they didn't need to release any finances. It was incredibly frustrating.

Nothing is going to change.....,

I really hope he’s setting himself up for a presidential run.

Respect the way Scott thinks these issues through

Scott thank you for paying your taxes!! That's a flex I can appreciate.

This is the best thing I’ve seen in ages

THANK YOU for speaking for the millions of young people who have no voice or influence.

Run for President Scott, you have my vote.

<a href="#" class="seekto" data-time="393">6:33</a> - NAILED IT!!!!! the meaning of living is not for us but our children!!!

This is the first time I’ve seen him mention ranked choice or a different voting method. And mentioning how little younger people’s votes are without money as leverage. It’s amazing seeing him dig deeper and evolving his message. He may be the only adult that understands the young population. (Look into STAR voting please).

👏 Scott hits the nail on the head! It's time for society to address the unfair economic treatment of young people and advocate for policies that promote intergenerational equity and opportunity. Let's work towards a future where everyone has a fair shot at success and prosperity.

Galloways message resonates because every word of it is true.

"Affirmative action is amazing. It should just be based on need and adversity" yessssss.

@ <a href="#" class="seekto" data-time="420">7:00</a> he says the U.S. spends the least per capita of any nation in the West. The National Center for Education Statistics lists expenditures per ffull-time-equivalent student for elementary and secondary education by OECD countries. Luxembourg in 2019 spent $25,600 per student and is the highest spender. Second is Norway, spending $18,000 per student. Tied for third place is Austria & S. Korea, spending $15,500 per student. Fourth is the U.S. spending $15,500 per student. Trailing behind is Iceland, Belgium, Australia, Sweden, Germany, Netherlands, United Kingdom, Denmark, Canada, France, Finland, Italy, Czech, Japan, Portugal, Slovenia, Ireland, Spain, Israel, etc...

A typical student on our State U campuses is paying $3k+ a month for tuition and shared housing/food and generally is lucky to make $1000 a month in income from a student or retail job.

I can tell you from experience that going to a top university doesn’t necessarily mean you get the best education. I went to a top 5 (UK) university and a university ranked 30-ish because they were the few ones offering the course I wanted to do. It was so much better, smaller classes, better lecturer attention and it felt like they cared about my performance whereas at the top tier university, I was another one of 150+ students in my class, the lecturers had no real interest in their students (to be fair they have a lot of pressure to research, publish…etc). I learned more in the lower ranked university than the top one but undoubtedly it’s having the top tier university on my CV that landed me the job interviews. So now when people say to me, I went to this prestigious university it means nothing to me. It says more to me where you started, what you did and where you are now. It really is that simple.

Ai jobloss is the only thing I worry about anymore. Anyone else feel the same?

We need people who are more concerned about their children and grandchildren than they are about themselves.

Clear vision on economics - clouded vision on Gaza/Israel situation.

I gew up extremely poor. My parent 's income was counted against me when applying for financial aid, even though they weren't helping me at all with college or any other assistance. So I had to wait til my late 20s to go to college and I still haven't been able to afford to finish my degree. I'm still paying off my loans from my AA. My friend's dad was a contractor. They had a swimming pool in their backyard. She got a Master's degree for free because she's a part of an ethnic minority.

Amen Brother! Preach!

I agree with everything he’s saying except Social Security. I have worked since I was 16 years old and and I am owed every dime. This being said, wealthy people who don’t need it should not take it. Scott Galloway is extremely wealthy so he doesn’t understand that the vast majority of American seniors need Social Security to survive.

College should be free , also Trade Schools . This benefits everyone . We need more Nurses and Dentists and Doctors .

I agree with mainly everything this guy says. The only thing I’ll add is that we have relied too much on the government to solve our problems but it will be in our homes where the future is made secure. The government takes more and power because we have depended on them more and more to fix what has been the result of the decay in our morality.

Great Interview, spot on & unwavering. reminds me of the Jeff Daniel's monologue from HBO's newsroom pilot.

Social security to seniors isn’t a gift. It is returning the money of people who gave it plus the interest that money earned.

From personal experience, I’ve seen the student debt completely ignored at faculty and admin meetings in post secondary. We know that students are graduating in massive debt. We know that their chosen arts degree won’t provide them the skills to pay the loans back. Here’s an average meeting: Land acknowledgement Vote on additional arts classes Vote on changes to administrative rules. Then DEI discussion End with concerns for our jobs in light of the government’s changes to higher ed. We don’t talk about students unless it’s “student experience”. I had student loans, it took me 22 years at 500 a month to pay off. The majority of faculty never had student debt.

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

The reality is a lot of these universities have incredible administrative bloat. I got into a public university that had a $1B endowment (tbf a lot went to research) and barely had any scholarships available. I had to withdraw and go to a tier 2 university. There is so much cost cutting that could happen at most universities that would make it so students don't have to fork over so much money. But a lot of universities operate as a research and hedge fund facility.

He's on to something but he really didn't answer any of the question of : Why should we push more people into colleges if there is a surplus ''education'' crisis? That question went straight over Galloway's head. The bottom line is : half the problem is not that people don't have access to college, it's that too many are afforded to think they do without reasonable payoff for degrees that are worth nothing and are only ideological indoctrination. Those useless degrees are of course the most profitable for universities because there is no fundamental requirement and investment required into selling them, only having someone brain dead enough to teach it. The other half of the college problem is that for them to have such massive endowments, they need to surcharge students by massive margins, otherwise there is no money to pour into it. Here's a suggestion : An institution receiving taxpayer's money should not be able to be operated like a for profit hedge fund selling classes and taxpayer's money needs to come with very strict strings attached related to pricing and the usefulness of degrees. Student loans should also be directly tied to the ability of the borrower to repay using their degree, it is insanity that anyone could take on any amount of debt for any type of degree. Here's another suggestion : Massively fund trade schools with the same principles. There needs to be much more thought put into the priorities of what type of education actually matters and pushing people into those avenues instead of selling some liberal arts degrees. This is only covering education though. Half the other problems Galloway mentionned have nothing to do with education and he definitely has a point about the generational wealth transfer from young to old. Society has become a ponzi scheme for the old.

As a young conservative dude who recently discovered this guy, I gotta say he scored some more points with me here.

I am soooo happy that there are more and more people out there being honest

Great speech, great thoughts! Thanks for talking for young people's future

people need to stop striving to become wealthy and a millionaire. this greedy mindset is the number one problem with the world and why younger generations are being neglected.

Great perspective that includes personal story points

Amazing guest. I wish I had half as many keen insights and 1/10 of his communication skills

Younger millennial. Bit the bullet and bought my home in 2021, because it was so much more expensive to rent. Previous owners bought it for $250k ten years ago. Did zero work or updating on it. I got it for $700k and that was UNDER the market value. It's not a great house, its four walls and a roof and has a furnace. I'm never gonna retire or have a kid and I'll be housepoor forever, but at least I'm not renting from a corporate slum lord, I guess? I should have bought a home in 2009 like all my elderly coworkers keep saying, but I was literally a child so that makes it a teensy bit more difficult. So yeah, what's the point of anything?

I’m gen x and I felt screwed over by society 20 years ago.

Awesome. Thank you.

Last minutes are pure gold and real talk!

Scott's an academic and he paid $14M in income tax? Wow.

I knew GenZrs were checked out and gone when i saw the videos that surfaced online after the travis scott concert... Seeing kids singing and dancing around scores of dead bodies(their own peers), and seeing they are that desensitized to death, without even being in a war zone, is horrifying. Im legitimately fearful of what America is going to be like in the near future.

Wow. You have made many excellent points !

This is wonderful

Wow. I'm sending this by link to my kids. Amazing 👏.

Would absolutely love to see relevant analysis like these in my country India. It is in the interest of the powers that be to keep the people blind

Scott Galloway is changing the world for the better

The conversation is always more complicated than the sound bites. It had occurred to me some time ago that most of what we do as a society is make sure we keep the status quo. We can call it social norms or traditions but what it really does is allow the haves to continue at the expense of the have nots. But unfortunately we have reached the point of demenising return. We need to refill the coffers but because of greed my generation doesn't seem to want to do anything to help. The ultimate Me generation is convinced that they can take it with them when they die.

Something to add onto the young people starting behind because of student loan debt. It also happens with healthcare because having a baby is so expensive and medical debt is another thing that is exacerbating the problem for young people just trying to do normal life events (going to college, having a family, buying a house)

yeah this feels right.. it is scary, I see my generation getting discouraged .. but getting resentful distracts me while I need to focus on the opportunities I still do have. I don't know that the changes he suggests would ever happen! what if no one is coming to the rescue

Tnx

we have similiar problems in Australia, but at least student debt has not been privatized as it is in the US.

Refreshing

BRAVO!

I recently discovered Scott and have really been enjoying hearing what he has to say

Keep preaching the truth Scott! Bravo

He's right. The market gains were responsible for 80% of the inflation. Inflation is created by wealth inequality. Only those who have excess income to buy assets create asset inflation.

Galloway knows that training in the trades is a great path.

Long-term investments require sacrificing for people you don't know. There's so much division that no one wants to help anyone who isn't in their circle. With the dissolution of community, follows the dissolution of the country. "A society grows great when old men plant trees in whose shade they shall never sit." - Greek proverb.

This. Is. Gold. This interview needs to be shared on every major news outlet in the nation and every single politician needs to hear this. Thank you Scott!

Sorry, the LAST thing we need is 10,000 more Harvard grads. I need a plumber. An electrician. An HVAC guy. An auto tech.

This interviewer is enraging

Scott. You might be my favourite person on the internet.

LOVE THIS GUY!!!

Please run for President! I've never heard so much truth spoken in one interview.

"Israel is not allowed to win a war." "The US had extreme responses to 9/11 and pearl harbor too (So why can't Israel commit genocide. It's not fair.) I came to hear about problems facing US youth and instead I had to listen to this bs.

Its just insane how much this issue is in India and I think its global as well

Good work on getting the live longer and prosper All-Star Scott Galloway 🎉