Actually, what we are seeing with our self centered culture now is better summarized in Numbers 14:18
The Lord is slow to anger and abounding in steadfast love, forgiving iniquity and transgression, but he will by no means clear the guilty, visiting the iniquity of the fathers on the children, to the third and the fourth generation.
We like to think of all children as a tabula rasa (a blank slate unto which we can impart values). Unfortunately many children in this country are born into disease, fractured homes (40% illegitimacy rate overall, 50% for the millennial generation), etc. If you want to look at what will have caused the downfall of the US economy, the widening gap between the rich and the poor, etc., it is that statistic right there. Until we get over our obsession with casual sex rather than making love and building families, we will continue to decline as a nation.