How America Became Addicted to Debt — with Morgan Housel

Scott Galloway examines America’s reliance on debt at every level—government, business, and household—and explores who ultimately pays the price. Morgan Housel then joins to distinguish between borrowing that builds wealth and borrowing that creates vulnerability, discuss how rising housing costs are reshaping young people’s financial decisions, and explain why enduring the unpredictable matters more than trying to forecast it. The conversation highlights behavioral forces behind debt and resilience.