There has been extensive talk about how social security systems around the globe are having issues due to declining birth rates as well as a decline in the quality of employment for younger generations.
But another less often talked about issue is that almost nobody is able to make savings anymore.
The gap in social values is enough to affect human life and we are at a stage of moral crisis because life takes place independently. The birth rate is growing so much from year to year, while the quality of jobs available is becoming increasingly difficult to meet these numbers. The shift in the world economy towards the process of human life is quite large and when an area's economy is not good it will affect the quality of society within it.
It is so difficult for people to live a normal life, how can people think about saving when living their daily lives. The level of employment opportunities must be provided by yourself and people living in this era must have the skills to make money.
Think about it. We all know at least some boomers. Most of them bought a car in their teens, a house in their thirties, went on frequent vacations and still even with all that were saving money beyond just for retirement savings.
Since that time, wage growth had stagnated, house prices have skyrocketed, and the purchasing power of the average salary has been going down.
This is a different case and perhaps the younger generation will be lucky enough to be able to buy a car, a house and go on holiday anywhere in their teens. In some places there are still many young people who are unable to continue their education because they do not have money. It would be very detrimental if the young generation like you mean is unable to save and place their money in a much more productive way to generate profits in the long term.