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Gavin Newsom: “30 year old today is doing worse than his or her parents for…”

Featuring: Gavin Newsom, Democratic | Governor of California

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We Have Our First Trillionaire. What Does That Mean for America?

Published | Video Starts at 01:14

Well, look, 10% of people own 2/3 of the wealth in this nation. That same 10% own 93% of the stock market. 30 year old today is doing worse than his or her parents for the first time in US history. If that's not a five alarm fire, I don't know what the hell is. We were sitting there, some of us at least, celebrating the best of Roman Republic Greek democracy on July 4th. (01:14–01:20)

CLAIM

Asserts that the current generation of 30-year-olds is worse off than their parents for the first time in U.S. history.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

Gavin Newsom

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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