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The John Batchelor Show

#MRMARKET: The Millennials feel poor and are the richest. Veronique De Rugy, Mercatus Center George Mason University

The John Batchelor Show

John Batchelor

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4.52.8K Ratings

🗓️ 1 March 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary


#MRMARKET: The Millennials feel poor and are the richest. Veronique De Rugy, Mercatus Center George Mason University
https://www.creators.com/read/veronique-de-rugy/02/24/nostalgia-versus-numbers-challenging-americas-economic-pessimism

1900 Bank Run

Transcript

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0:00.0

This is CBS I on the world with John Bachelor.

0:07.0

Here's John Bachelor.

0:11.0

Politics.

0:12.8

We're told now that Americans do not feel well to do.

0:16.9

We're told now that the Biden administration,

0:19.8

the US Congress, is getting no credit for an economy that looks healthy.

0:24.4

We're told now that even between the generations there is some anxiety about the future.

0:30.4

Younger people have anxiety.

0:31.9

How young?

0:33.0

millennials, maybe Gen Z as well.

0:35.0

We're told that this is based on nostalgia.

0:39.0

I welcome Verenique de Riji of the Mercata Center writing about nostalgia and the facts.

0:46.4

Verenique, I know that America in general is disappointed about the economic recovery, which looks healthier and healthier when you look at what's happening in Europe and when you look at what's happening in Asia.

0:59.0

However, I learned from you that there's this genuine nostalgia for the 1980s. What's it based on? Good evening to you.

1:07.2

Good evening, John. I think there's a nostalgia for, for actually even the 60s, the 60s, the 70s, the 80s.

1:15.8

I think it's hard to kind of overstate

1:19.9

the enormous baby boomer nostalgia that this country has.

1:25.6

And there's this idea that, you know,

1:28.0

way back when things were so much better.

1:32.0

And that's and that's that's what people think you know and you know

1:37.4

the is there is there evidence for this I mean you go right to people writing

1:42.3

about it can they show dollars and cents that it was better in 1970

...

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