With the standard of football from grass roots up the pyramid now being in question, Ferdinand thinks that a definite attitude problem now exists.
He told The Sun: "Too many lads get their first pro contract and think, 'I am on £500 or £2,000 a week which is a lot of money and I am set up for a lifetime now'.
"I probably signed three contracts from ages 17 to 18 but I was never content. I was always setting myself goals.
"I gave myself goals of playing more reserve games, then getting on the bench for the first team. Then the next season I would tell myself I wanted to start four or five games by Christmas for the first team. I was always setting targets.
"Now a lot of the kids are exposed to so much more of the thrills and spills around football.
"They think to themselves, 'if I play a game for the first team all these girls will be after me, I will be invited to all these nightclubs, I will be able to get a new car and buy myself a nice flat'.
"They are not thinking beyond that. They think, 'what a life I have'.
"Where they used to train into the evening now it is just a few hours, and two years down the line they are signing on at the Jobcentre."