The collapse is basically the inevitable end of all fiat systems; which loss of purchasing power, when working two or more jobs out of necessity becomes the norm and debt enslavement are just symptoms.                                                                                                                                                                      

KudzaiK

ideasfromtheedge

The Collapse Has Already Happened

If you define the "collapse" as doing better than your boomer parents, yes, current generations have it harder and the cost of living is much higher. Boomers were absolutely spoiled by high wages, tons of benefits, pensions, robust health options and plenty of income options with a low cost of living (either rent or mortgages). Other than that, buck up junior and start working two jobs like the rest of us.