Surveying shows alcohol consumption among young adults has been on the decline for the past decade, but the trend has accelerated in recent years.

A Michelin star chef and restaurateur believes that shifting drinking habits among younger Americans is posing a "real existential threat" to the restaurant industry, where profits are often tied closely to alcohol sales.

David Chang, founder of the restaurant group Momofuku, appeared on a recent episode of the TBPN podcast and pointed to places like Los Angeles where he said younger people are "drinking much less" and it's taking a toll on restaurants' bottom lines.

"The crazy thing is kids just don't drink anymore," Chang said. "Like, kids start, when they start a tab — which is crazy to me — they close it out every time. What is going on

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