Prior to social security and pensions, people had kids to care for them in their old age. In order to do that, parents would save and the children would inherit the wealth they had created.
Now society is different. Older folks don't rely on children anymore, they rely on corporations and the government. They reverse mortgage their homes instead of leaving them to their children.
The family has broken down. Extrapolate that to communities. Companies. Friends.
Our society is broken for everyone but the wealthy in power and they don't want to help anyone else either.