Around the world, 30 year olds are getting screwed

The David McWilliams Podcast

David McWilliams

News & Politics

4.5 • 692 Ratings

🗓️ 24 January 2023

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

It's never been more expensive to be 30 something. The old social contract used to be, work hard, study, get a degree, keep your beak clean and soon enough your income will rise and you will end up richer than your parents. That's no longer the case. The conveyor belt of upward social mobility has stalled. The Millennials are falling behind, while their parents are surging ahead. And what about the generation coming behind them? Inter-generational warfare is not pretty but if we don't do something about it, who can blame the young (and youngish) for not being loyal to a system that has been so disloyal to them?

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Transcript

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1:00.8	To understand the economy, you have to understand human nature.
1:08.9	This podcast is powered by ACAST.
1:14.9	How are you doing there?
1:16.4	I haven't said this for a while.
1:17.4	It's podcast time, the podcast that tries to make economics a little bit more comprehensible,
1:21.6	a little bit more germane to all of our lives.
1:26.2	So I was just saying, oh fair, that John is perplexed.
1:28.2	He says, I've always perplexed.
1:30.6	It's the beauty of the world, Mac.
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	...

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