It's clear that Generation X has an unhealthy sense of entitlement. I count myself among that group.
By contrast, it's always seemed to me that the generation that grew up in the Great Depression has a distinct lack of problem with that. A genuine appreciation of the material goods they have and a balanced look at the important intangible assets in life.
Will the current economic recession at all impact the sense of entitlement my generation exemplifies in the way that the Great Depression humbled our grandparents? I doubt it, but I'm not sure why.