U.S. context: In aggregate the "last generation(s)" chose to spend their money abroad and on themselves (e.g. foreign-produced consumer goods), rather than on the next generation (e.g. infrastructure, education, living wage, healthcare). Witness the result.
Certain sectors of the economy are doing well. The aggregate economy is tanking.
Individuals will find their way, more or less effectively. The lauded "U.S.A." may well not remain what their parents envisioned -- probably quite often really in turn that generation's parents' vision assumed whole by those children and presumed, without much critical thought, to somehow be "inviolate", no matter their (those children, the current generation's parents) own personal actions.
Certain sectors of the economy are doing well. The aggregate economy is tanking.
Individuals will find their way, more or less effectively. The lauded "U.S.A." may well not remain what their parents envisioned -- probably quite often really in turn that generation's parents' vision assumed whole by those children and presumed, without much critical thought, to somehow be "inviolate", no matter their (those children, the current generation's parents) own personal actions.