This is the first generation with worse prospects than the previous one. Wealth inequality is growing, and robber barons are back. Climate change is making any prospects even worse.
Combine that with a communication revolution (social media, to be exact) which allows anyone to pretty much target anyone else with any message they feel like, means disinformation pushing narratives is everywhere. And not to forget, there people in charge of these platforms are among the aforementioned robber barons.
It's easy to offer simple solutions to these problems and push disinformation to people who don't have the knowledge, time or energy to debunk everything and think deeply about things, since they're busy slaving away to put food on their tables, struggling to build a future, and looking for solutions. And simple answers give people a sense of control or explanation over their difficult situation.
It's why I have completely removed myself from every social media platform there is, except this one and I'm only on here intermittently.
Your iPhone / Samsung is manufactured there. So no, that's a bad take. You get what you pay for, and good quality is still cheaper than made elsewhere.