Can a person from a rural area or a small town or city still buy a house and settle down in a larger city by getting into college? This was the way for most rural people to change their fate and class by moving into the city in the past few decades. But now it is almost impossible, and housing has become a barrier between classes.
In the face of the tide of history, personal efforts are worthless. Buffett once said that his success was due to the century-long national fortune of the United States and the uterine lottery. China has produced countless rich people in the past few decades, not because of their hard work, but because of the progress of Chinese history; but now the era of Chinese youth is over, the era of distribution according to capital, efforts are no longer valuable, in the future, what the father is, the son is, there is no low-hanging fruit in the world. This is not a problem for China, it is the inevitable result of economic development, and no one can change the economic law. This is the case in Europe, the United States, Japan and South Korea today.
China's fertility rate and aging population are much more serious than what you see. No mainstream country in the world is worse off than us. We will face decades of economic downturn in the future. The reason why many people don't feel it is because the decline will start from rural areas, towns, and small cities, and finally spread to big cities. The cryptocurrency industry is one of the few industries that still has dividends for young people to participate in. Cherish it while you can.