Indeed! As I told them, though, historical context varies:
Today: shitloads of college debt, prospect they won't live quite as well as their parents
Back then: my grandfather got shitloads of banknotes, filled a wheelbarrow, and rushed to the bakery before they had lost half their value.
Or: some years later: went without work and pay.
(Of course, I also talked to them about long-term structural and cyclical issues and validated the importance of subjective experience)