I think you and your mom might be selling yourselves short...not that I don't feel the same way often (I'm not working ATM and finding a job is challenging). I agree that most of our population is in denial or completely in the dark about much of this stuff. It is depressing to ponder the implications. There are always options to relocate for jobs and/or retrain or take a menial job/job til things improve. I've been downsized a few times (dotcom boom and financial crisis 08) and had to wait tables once severance/unemployment ran out and am facing that reality again.
You might be correct that failure economically is inevitable. History has proven that.