When a whole generation is brainwashed to over-consume and buy buy buy the latest everything, where would they have money for savings?

Between the home loans, car loans, credit cards, student loans, etc.. there's nothing left for savings... and that's whats scary. In 2008, people lost their savings via investments... This time around, there is no savings... it's all borrowed (negative interest rates)... whoever didn't lose their shirt in 2008, will likely lose it this time because whatever is left will be used to bailout (or bail-in) the few bodies that got us in this mess.

Still not too late to take control of your financial situation and buy silver while still very low.