Answer:
It may be irrelevant if past generations tell the youth that they spent less when they were young because the economic circumstances and context of different generations can vary significantly. For example, past generations may have been able to afford homes and higher education with a lower cost of living, but the current generation may face higher costs for these same expenses. Additionally, past generations may have had access to different types of jobs and career paths that provided more economic stability than what is available to the current generation. Therefore, comparing the spending habits of past generations to those of the current generation may not be an accurate or fair comparison, as the economic landscape and opportunities have changed over time. It is important to consider the unique challenges and opportunities of each generation when discussing spending habits and financial decisions.