Americans under 40 are 24% poorer than 40 years ago: Galloway

NYU Stern Professor Scott Galloway said on the podcast that the average American under 40 is 24% less wealthy than 40 years ago, while the average 70-year-old is 72% wealthier. “The tension isn’t between rich and poor or young and old. It’s between the incumbents and the entrants,” he said.