That frugality is likely temporary. The Greatest Generation were frugal due to lessons learned during the Great Depression. That frugality was lost in a few

That frugality is likely temporary. The Greatest Generation were frugal due to lessons learned during the Great Depression. That frugality was lost in a few decades. The corresponding event in China was the cultural revolution, but poverty lasted past that. It's been a few decades, and now the Chinese are famous for their love of luxury status products.