Well, you are completely correct of course. That being said... even as an european, I prefer, forge myself and push on my kids a different path - don't wait for the system to make your life great, system is flawed to the core due to process we keep using to promote elites to full power (to make it short - nice good humans don't stand a chance in the race of power, society voted for loudest sociopathic assholes doing primitive sweet talk and thats enough, again and again).
Take ownership of your life, and inspire others to do the same. Make choices, understand consequences as much as reasonable, and there is comparatively little to complain.
When I look around since I am not the youngest, the most miserable people are those who just sit back in their 'comfort zone', and expect above to be fixed for them. It ain't coming, their life is a pale shade of what-could-have-been, health goes to crap, so does mood and everything else. Its not comforting place in any way, they are just too scared to experience any form of discomfort to move away from it, and often look for similarly-minded echo chambers where they went their endless frustrations from life they chose for themselves.
I agree state and regulators should be doing their part, massively better, but so should all of us. Those that do have usually much better and longer and happier lives. What more reasons does anybody need.