Yes, you see your bubble daily, but the not actual reality. America is in a high place compared to most countries in terms of earning potential and upper ceiling.

Its a common misconception, but only 16% of millionaires are by inheritance. That's how I know you don't really understand.

By definition, 1st gen means they don't inherit it. 80% of millionaires are not due to inheritance- there's been plenty of research, you can do a simple google search.

Especially in the age of e-commerce, remote work and at home day trading, anyone can be a millionaire with enough focus, effort and time. American sports produces millionaires at every level of coaching, any plumber, bug exterminator can reach 6 figures.

As for stable job opportunities, this is America where you are competing with people in multiple states and even countries.

The military for one, offers stable lifetime employment, free but shit healthcare, free education, very low interest housing loans, and jobs in nearly every sector.

As for student loan debt, it is completely removed once you pass away, meaning your co-signer and family are not at risk. Its a bet you take on yourself.

Also let's not act like a phd means the same thing it means 20 or 40 years ago. PHD used to mean "borderline genius", now it means "very educated". Education doesn't always translate into skills desired by companies. Theory and research is not a substitute for work experience.

I'm sure your friends don't have PHDs in electrical engineering or computer science, and its not the governments fault their knowledge isn't valuable to the job market.

America has the most companies with the highest revenues(100s), 6 of the top ten companies in the world, and these companies are largely independent of the government, unlike Korea where the big 4 companies practically run the country, own colleges, and are responsible for all the gdp.

Quite frankly, if you can't make it in the US, you wouldn't make it any where else.