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You used to get by no matter where you lived by working any kind of job. Life wasn't glamorous but hey you can still afford rent.
My dad was talking about how when he came to America in the 80s he worked at McDonalds and it paid his way through New York rent and college tuition.
I know people now who can't afford that kind of lifestyle with advanced degrees. They told Millennials to get a degree and they wouldn't have to worry about finding a job. They told Gen Z to get a STEM degree and they wouldn't have to worry about finding a job. They're telling Gen Alpha to make a startup at 16 and cure cancer before 18 so they can even qualify for a STEM degree with no guarantees they'll even find a job.
It's all tumbling down!