It's vastly more complicated: people start either understanding it better or showing more signs of ignorance and moral decay. You can make a single mistake and it can dog you for years, and no one is there to sweep it away for you. You will be making a lot more money but have less of it to throw around on stupid stuff, it will seem.
But, you are also not as crazy and wild. You are more balanced in your reactions or lack of reaction to situations that require those traits. You will actually know more but it will feel more like you know nothing at all sometimes, and you'll be ok with that.