Yes, and there are probably a lot of immediate factors leading to that.

But this is the overall the result of an "anthropological reversal", meaning the society switch its focus on older generations rather than the younger ones.

Most policies in the last decades had the goal of favoring the silent and boomer generations ("boomers always win": ZIPR, assets inflation, etc.).

Millennials and Gen Z got wreaked, plus they know they might have to pay the debt left by the previous generations one way or another. So why not just dying, it is easier.