'When Men Don't Have Money, They're Just Less Attractive,' Says Professor Scott Galloway, As Men Without College Degrees Now Earn 22% Less
Men without college degrees are still earning significantly less than they did five decades ago, and the implications stretch far beyond just wages.
In the debut episode of the "Lost Boys" podcast, co-host and professor Scott Galloway put it plainly: “When men don't have money, they're just less attractive. That's more of a hit to them than it is to women.”
A Crisis of Purpose for Young Men
Galloway shared his own experience of growing up with limited prospects, saying that government programs and education helped change his trajectory. But he worries that today's safety nets are weaker. “Had I been that kid today, I worry the outcome would have been different,” he said.
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The “Lost Boys” podcast—hosted by Galloway and Anthony Scaramucci—dives into the broader struggles of young men, featuring author Richard Reeves. The group argues that young men today are falling behind not just economically but socially, and emotionally.
Reeves, who authored the book “Of Boys and Men,” noted that many young men today are adrift due to the absence of a clear path forward. "We tore up the old script for men, which was breadwinner, head of household, etc., and we didn't replace it with anything," Reeves said. “And so what that means is a lot of men now feel that they're basically improvising. They basically don’t have a script.”
The numbers back up their concerns. According to a May 2024 Pew Research Center analysis, young men between the ages of 25 and 34 without college degrees earned a median income of $45,000 in 2023. That's up 15% from 2014, but still 22% lower than what men of the same age earned in 1973 when adjusted for inflation.
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Doubts About the Value of a Degree Are Rising
“In the grand scheme of things, young, less educated men aren’t where they were 50 years ago,” Pew economist Richard Fry told CBS MoneyWatch. He added that in the 1970s, these men were more likely to be union members and work in manufacturing jobs—industries that have since shrunk.
Meanwhile, college graduates continue to outpace their peers in earnings and wealth. Young male college grads today earn around $77,000 annually, while women with degrees make about $65,000. College grads also have an average net worth of $120,000, compared to $31,000 for those with just a high school diploma.
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