From what I understand the thing described here is hard to disengage from generation. Sure you have young people thinking this shit - but pretty much only if they were born reasonably wealthy and as such would never have to fear it happening to them.

This type of scenario sort of requires you to be some sort of working class (or small aristocratic failure) cause otherwise you don’t end up with no money barring some “bet it all on crypto” type morons, and they just didn’t need until yet so never realized it’s not there anymore