It also sucks for those on the wrong side of the cycle. I reached adulthood right at the start of a bust, worked my ass off but accumulated random debt (car died, cancer, etc). The good times came and I could finally catch up! Worked my ass off finally paid off all my debts, had just started to save up some money - and the economy crashed again. It’s not even that I get good times alternating with bad times; I get bad times alternating with really bad times, simply because of the year I reached adulthood :(
Have you tried reaching adulthood at a better time or being born to rich parents? According to the folks a generation or more above me, that was my mistake.
You and me both, I graduated into a recession, held it together by getting into graduate school to pay the bills (research schools give stipends) only to graduate AGAIN into a fucking recession. I did work some black magic on my debt, though, so at least we leveled off during the Biden years.
Alternatively: capitalism is working exactly as intended.
The purpose of a system is what it does
But it’s working wonders for, like, 5000 people so why stop now?