While kids (generally) never listen to their parents... I vividly remember my Father's account of spending his nights, between two dirty mattresses in an abandoned real estate sales shack, prior to re-enlisting in the US Navy in 1938....
That and numerous memories of other relatives' accounts of the 30's formed the basis of my economic pathway over the years!
Unfortunately, the benign historical legacy of our current parents (self included) has failed to provide a reference for what our prodigy face today...
Yeah, I was taught if you can’t pay cash for it, you can’t afford it.
Remember talking to a WWII vet several years ago. I was bellyaching about how spoiled my kids were and that I really had to take the blame. He said no, it was his generations fault. They came back from the war and were determined to not have their children deal with the same hardships they had to. We only followed their lead.