Different generations used to live together and help each other. Underpaid nurses and nannies are just a shallow replacement to that.
Then of course there’s the insane pace of change and increasing competition. Only guaranteed sources of income are either very hard to get into, or pay peanuts with bad working conditions. AI might make even some of those disappear, rendering years of education worthless. Life is much more complex than before. There are lots of options, but no obvious answers to which actually make sense. I’m lucky enough to have access to free education and decent social security, but still I feel like my life is way more uncertain than it was for my parents. They just had to get an education and could then work until retirement with same employer, buy a house and just settle down. Without job security pretty much everything else becomes difficult.