This is a not unexpected consequence of soft, depreciating money, and the decline of all institutions that traditionall support marriage and families. I’m not sure if that is correlation or causation between the two.
Regardless, 95+% of people aren’t even aware of this. I work in a company that is a vendor in schools. All we see is declining enrollments, closures, and consolidations, but my fellow employees still think it is booming like the 90s.
Most ignorance is willful, and cherished by its holders.