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Have you experienced fluctuations in the big cycle?
It's quite realistic: young people entering society during an economic downturn and those starting during an uptrend have vastly different outcomes. A person in their twenties just out of college, if faced with a tough economic environment, can be completely reshaped in just ten years—this impact can even span an entire lifetime.
To put it simply, people are shaped by their environment. But that doesn't mean you have to passively accept it. You can actively seek a more suitable environment or try to change the current situation. Both options are there; it's up to you to choose.
As for those still debating whether to pursue graduate studies—really, I don't understand why you would waste time on that. Know yourself, then take action—that's the smartest way to live.