What is going on ?

Whilst waking up at 5 am this morning I was listening to a statistic that as a country we are almost bankrupt , there is no more money in the Kitty, an aging population and economic stagnation mean that we as a country are very much in the decline. For the first time in a long time the legacy that faces are children is at best barely going to reach close to the standard of living that we have come to expect.
In fact it looks like the level austerity that they will or could face is is going to mean that everyone's levels of expectation will have to be reduced in many far ranging ways.
Ok I might be more than a little pessimistic about this, but we live in a country that dose not produce very much , manufacturing is now less than 13% we can not have an economy that produces nothing.
We must start thinking less global and more local, we must try to start living in a less throw away society.
Travel will become more expensive, in many ways this will mean steps backwards , but we will create a skills base again, people will be expect things to last longer, become repairable, instead of throw away and replace.
Ok I rant , but when I look at the world I wonder what is going on and whilst I would have loved to have had kids, I'm glad that I do not , as I would feel ashamed of the world that we have created for them.