Where do you get this info? No way this is universally true

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Look it up. It’s a fact.

(To clarify, I am only referring to American history. I’m sure there are examples of some generations being better off than their parents and kids if you go way back in time, such as just before the black plague)

Ok, I'll take a dive hehe.

It is, in the West at least.

It has to be pretty sad to watch it go downhill so quickly

Materially speaking, yes. But it made us wiser than our parents and stand by our grandparents' side.

You probably know the saying "Hard times create strong men, strong men create good times..." and so on.

Yesss!! I love that saying and now these good times have created weak men. Ahhh. I am glad there were some benefits though. I am sure there are still some great people around that will survive the bad times