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How to Money · July 8, 2026 · 52m

The Myth of the Broke Millennial w/ Dr. Jean Twenge #1163 (Bestie Ep)

Joel and Matt sit down with Dr. Jean Twenge, a San Diego State psychology professor and author of iGen and Generations. They discuss her research on generational finances, challenging the myth that Millennials are uniquely broke. The conversation covers the 'slow life strategy' that defines Gen Z's delayed adulthood, the influence of rising individualism, and how technology is altering wealth-building. They also contrast financial obstacles today with those faced by previous generations, grounding the discussion in empirical evidence over generational stereotypes.

This summary was generated from show notes and public descriptions, not from a full transcript review. Details may contain inaccuracies.

Highlights

The Myth of the Broke Millennial
Dr. Twenge challenges the pervasive notion that Millennials are financially worse off than previous generations, presenting data on their actual wealth accumulation.
The Slow Life Strategy for Gen Z
Twenge explains the 'slow life strategy'—a generational trend where young people delay traditional adult milestones, from driver's licenses to career entry.
Individualism and Technology Reshape Wealth Building
The episode explores how rising individualism and technology are transforming the way different generations approach personal finance and wealth accumulation.
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