I think you are on the right track... each generation tries to improve the lives of their children. But, these new generations will wake up... parents are not able to offer up everything on a platter these days... since many no longer have the jobs or income. So, there will be more struggling. I see 60 year old people with PhDs and broken careers applying for student assistant jobs and competing with hundreds of others, adults and students alike.
It is sad and inexcusable for those playing with our lives.