Actually, what you just said could describe a lot of the younger American kids who entered my program just as I finished (during the last recession - with a full time job, wife, kids and mortgage it took me four years to complete the degree).
With expectations set WAY too high as a result of the 1990s bubble, they couldn't find employment commiserate with their egos. So they figured that going back to b-school was a great way to perpetuate their undergrad lifestyles. The last year was downright painful, with the emphasis on team projects. They figured it was ok to skate through the semester, pull all-nighters the last weekend before the project was due and then collect a B. *I* on the other hand, had a tuition reimbursement agreement with my employer where I only got full reimbursement for an A. I ended up carrying the projects in three or four of my classes.
The foreign students were MUCH more dedicated and harder working than the American kids. This was especially true of the students from mainland China, who were not only more diligent than many of their American peers but also had a greater appreciation for concepts like liberty and democracy. If only there were a way for the Chinese to skip over the next generation or two of their geriatric leadership, I wouldn't worry at ALL about that nation.