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Originally Posted by manaboutown
My greatest concerns are the huge national debt and our disappointing (to say the least) public school systems which have been declining since the SAT scores peaked during the early 1960s. Student scholastic performance has gone downhill ever since. The decline became so blatantly and embarrassingly obvious the SAT was dumbed down in 1994. Today most colleges need to offer remedial English and Math courses to incoming students. The future does look grim.
Of course a large war could erupt or we could be hit with another pandemic. My father got and survived the Spanish Flu in 1918 but it killed more people that did The Great War. One just never knows.
An easy to read classic written about investors' experiences during the Great Depression era is "Where are the Customers' Yachts?" by Fred Schwed Jr. I found it rather chilling.
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I do share your concern about the educational achievements for the average student but the top tiers of the younger generations are as brilliant of any that have gone before. I doubt they have relaxed the standards to get into MIT, Caltech or Stanford.