It will be more like a slow leak – but eventually we (in our older age) and our children will find themselves in a world much different than today. When my parents were my age they could buy a house and pay it off in 10 years, there were no such things as credit cards, education all through college was free, and my father had a guaranteed pension from his company for life and you could drink water straight from the tap, any tap in town.
By the time my kids are my age, most of the population will be living in large residential complexes (single family homes with back yards will be extinct). Each nuclear family of husband, wife and child will also be living with 4-6 of their older relatives. There will be hardly any cars on the road and everyone works, shops and goes to school within walking distance. Drinking water will be more expensive than fuel.
Sounds like armageddon, but it will evolve slowly enough throughout our lives that we will eventually come to accept each little change as something we can live with or have to live through. It won’t feel topsy turvy as changes will come about ever so slowly one thing at a time. Only looking up in hindsight will anyone really see the magnitude of the change.