Personally, this feels different. The Golden Age fallacy is where one person goes "hey I dislike this because it's different". This is speedily increasing amounts of young people suffering mental illness. https://www.cdc.gov/childrensmentalhealth/data.html#:~:text=....
I agree. This is probably more akin to what the Japanese youth felt after the bubble burst in the 90s there. We didn't hear personal anecdotes about it then because no internet and language barriers.