Every generation is the new "worst generation"
This isn't original thinking 
Actually, this is a result of the generation before gen X and Y.
It's not so much that every generation is the worse generation, it's that in some societies, a certain generation starts a trend of a downward spiral, and the generation after that, which was taught this, copies this, as they have nothing else to copy.
What Wiggs is saying is true. This nation is falling apart. We care more about having fun, or the appearance of having fun, less work but more pay, and distract ourselves.
Look, we care more about Bill Cosby and his issues, than what Obama has decided with illegal immigrants.
And when many of the people of this nation heard or listened to it, they went back to being distracted by reality TV, football, Bill Cosby, or any other number of things.
Other nations see this and exploit this, and are hungry. We are a morbidly spoiled people, whose greed, gluttony, selfishness, as created a lazy, obese nation that has become a laughing stock and a perverse caricature of it's former self.