Comment Re:Ok boomer (Score 1) 78
Mistakes were made.
They call them baby boomers for a reason - they are the biggest generation, by cohort size. A lot of the policies that benefited them were made on the assumption that the next generation would be even bigger, and that the economy would keep growing proportionally, and the workers would share in that wealth.
None of that turned out to be true. There were fewer gen X, even fewer Millennials, and far fewer gen Z. Wages didn't keep up with GDP growth.
In the UK, there were about 14 people per retiree to cover pensions and healthcare costs, back in the 1950s. There are about 5 today. It's not just state pensions either, boomers had access to defined benefit pensions that turned out to be unaffordable, so the schemes were closed to new applicants but workers today still have to pay the boomers who got them.
The massive increase in property value relative to wages was a one off too. If Gen Z manage to buy a house, they aren't going to see it go up in value by hundreds of percent over their lifetimes.
And then you have climate change. Too little, too late, with massive costs coming.
So sure, individually boomers may have had hard lives, may have worked hard to get what they have, no disputing that. But mistakes were made at policy level and now nobody has the balls to even try to really fix them. Younger generations are actually screwed. They can't expect the same opportunities that their parents and grandparents had.