It also happens in Asia, I can say that some of them are similar to what you said. In my country, many young people have a hard time finding a job even if they are university graduates. Necessities is getting more expensive.

There are also many people and households who are trapped in huge debts from online loans.

Many small businesses stuck or fail, only the business of the oligarchs can survive. and their business destroys small businesses and harms the people.