Ed Elson: Is Gen Z Doomed?

In this conversation, Sabrina Maddeaux and Mike Moffatt are joined by co-host of the Prof G Markets podcast with Scott Galloway, and host the First Time Founders podcast Ed Elson to discuss the economic challenges faced by Gen Z, including their financial struggles, housing affordability, and the rising costs of education. Ed highlights the generational wealth gap, the impact of debt, and the political engagement of Gen Z, emphasizing the need for action beyond social media advocacy. Together they delve into the disconnect between wealth and economic outcomes, particularly focusing on the impact of tariffs and taxation on different socioeconomic classes. They discuss the need for wealth redistribution through new tax policies and the challenges faced by younger generations in navigating financial landscapes. The conversation also touches on the importance of civic engagement and voting, as well as the growing epidemic of loneliness in society. Chapters:00:00 Introduction01:49 Understanding Gen Z's economic struggles06:22 Comparative analysis of the US, UK, and Canada08:34 Factoring in the housing affordability crisis13:29 The debt dilemma: Buy Now, Pay Later (BNPL)17:26 The rising cost of education in America21:35 Gen Z's political engagement and activism25:17 Tariffs, stocks, assets and wealth inequality27:38 Taxation and wealth redistribution31:23 The disconnect between wealth and economic outcomes34:08 Investing in stocks and not in crypto38:04 Seeing an opportunity in A.I.41:44 The power of voting and civic engagement44:33 Addressing loneliness and societal trends46:36 The time to turn it around is nowResearch/Links:Can Homes Become Affordable Without Prices Going Down?Trade War Chaos Drives Massive Volatility — ft. Gary Stevenson | Prof G MarketsWhy Tariffs Could Crush Canada’s Economy — ft. Mike Moffatt | Prof G MarketsAverage Age Stat of a Home Buyer in America:AI vs. Gen Z: The Hiring War Has BegunExtended Cut: A$AP Rocky Gets Smoooth | KlarnaThe whole E.S.G. thingGuest:Ed Elson https://x.com/edels0nhttps://podcasts.voxmedia.com/host/ed-elsonHosted by Mike Moffatt & Cara Stern & Sabrina MaddeauxProduced by Meredith MartinFunded by the Neptis Foundation https://neptis.org/