[yongjik]

Young people will take less financial risks, because if your bet does not pay off and you lose all your money, you starve. Which means less purchase, fewer companies founded, less demand for existing companies, and worse economy.

Even worse, some young people will still take financial risks, their bets do not pay off, and they become the penniless old, who only have their own kids to look after them. These young people are now stacked with debt, having to pay off money they've never even seen. Again, worse economy, and more misery.

In the long term, society is shaped by its people. If enough people decide "I'll take care of myself, and others should do the same," then that's the society you get - one mistake or accident and your life is ruined. There's your personal responsibility, choose wisely.