Still, sadly that stuff also applies here...
Me and my friends around my age, that were born in solid middle-class families (of the sort that could own only one car, a cheap house or apartment and so on), were taught that the path of life was: go to college, get a job or public sector job (here in Brazil those are popular), marry, have a boring life.
Instead we went to college paid with crazy loans, found no jobs, jumped around from gig to gig trying to repay the loans, people don't want seriosu relationships, only flings, and now I am 30, living back in my parents house, still with no job.
A 30 year old college friend of mine that is excellent designer and know some coding, is living on his parents home with his kid (no wife), to pay the kid bills he found a illegal-ish gig as construction worker, and after he lost that job, he can't find a new one.
My grandparents used to tell me what was their "poor life", where they had to walk to school, work their asses off early, date in front of dad of the bride, eat eggs because other food was expensive...
Now we have a "rich" life, with cars (that belong to parents, I never could afford my own, neither my friends), computer, internet... but can't afford our own house, we can't "work our ass off" because there is no work, eating enough protein in some months have been hard, as food prices inflated way beyond the wage growth and what is affordable now is basically cereals and starchy foods (like potatoes), and your food choice become: eat enough nutrients and baloon in size wildly as all food availble has too much calories comapred to other nutrients, or control your calories, have nutrient deficit...
To me is no surprise people live in slums or invaded areas, one time I rented a apartment with cracked walls, non-working fire alarm, elevator that often had issues (like operating with doors open and stopping 20 centimeters off-level), no garage, and the rent was 4 times the mininum wage, I could only afford living there when my income due to some coding contracts landed me in the top 3% highest earners of the country... made me wonder, where everyone else was living. (or one time I shared a normal 3 bedroom house, with literally 35 persons, most of them already had bachelor degrees, several in STEM, and were there to train in a nearby police academy, hoping such dangerous work was better than having no work at all in their own field)