Culture
Alcohol consumption survey data from Gallup
Sherwood News

A sobering reality check for the future of alcohol

A new Gallup poll finds that 65% of 18 to 34-year-olds now believe moderate drinking is harmful

America has changed its mind on many things over the years: politics, seat belts, cigarettes, running for fun, nerd culture, Lance Armstrong, food trucks, electric vehicles, Abercrombie & Fitch, whether we’re about to have a recession… and more.

The latest? Alcohol.

A new Gallup survey reveals a growing consensus that alcohol consumption might be detrimental to our health, with 45% of respondents believing that moderate drinking, defined as one or two drinks daily, is harmful. That’s a larger share than the 43% who think it makes no difference, and the (diminishing) group who view moderate drinking as healthy — a stark contrast to the attitudes of the early 2000s.

The changing perception is particularly pronounced among younger generations.

A whopping 65% of 18 to 34-year-olds — a demographic once synonymous with heavy drinking — now believe moderate drinking is harmful. That’s significantly more than the 39% of those aged 55+ who share this view, and it’s opening new markets for no- or low-alcohol drinks companies like Athletic Brewing, which was recently valued at $800 million.

What's behind this dramatic shift?

So many things. Large studies, including one highlighted in the NYTimes this week, as well as the rise of health-focused media, such as the Andrew Huberman podcast, are talking up the dangers and damage that alcohol can cause — as are the changing demographics of younger generations.

As the allure of alcohol diminishes, some Americans are embracing other substances, such as marijuana, for relaxation. In fact, one study found that the number of daily or near-daily cannabis users has now surpassed that of frequent drinkers.

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Netflix climbs ahead of “Stranger Things” streaming premiere amid reports it is ramping up its efforts to acquire WBD

The final season of Netflix’s tentpole franchise “Stranger Things” debuts on the streamer at 8 p.m. ET on Wednesday, and its stock appears to be safely out of the upside down.

Netflix is trading up about 2% on Wednesday, on pace for one of its better days in the past three months. The stock has closed up more than 3% only a dozen times this year.

Potentially boosting investor optimism is a New York Post report from Tuesday evening that the streamer has ramped up its efforts to acquire Warner Bros. Discovery. According to the Post, Netflix has made a case to the WBD board that antitrust concerns may not be warranted because Netflix competes not just with other streaming companies but with a larger pool of content providers, such as YouTube and TikTok. If Netflix’s legal team is right, the idea could pave the way for the world’s largest streamer by subscriber count to buy the fourth-largest.

At least one major Hollywood player is rooting against the company in the WBD bidding war. “Titanic” and “Avatar” director James Cameron this week said that Netflix acquiring WBD “would be a disaster.”

Morgan Stanley analysts have also argued that Netflix’s pursuit of these studio and streaming assets was creating headaches for its investors.

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