This article challenges the narrative that blames baby boomers for economic woes faced by younger generations. It argues that while boomers benefit from past wealth accumulation, they also contribute significantly to society and are not solely responsible for rising costs. The author calls for a shift in focus from property ownership as the ultimate goal to broader questions of well-being, meaningful work, and community building. It urges younger generations to lead the charge in creating a more equitable future.
The narrative is predictable: Gen X, millennials, and the much-maligned Gen Z claim that boomers have hoarded wealth and profit at the expense of the young. It’s a recurring motif: a backdrop to every housing problem, student debt crisis, and cost of living increase. And, frankly, it’s tired.. Yes, we bought houses for the price of a luxury car today and – if lucky – have pensions and some investments.
We must stop expecting boomers to solve problems that are bigger than ourselves. We should focus on creating a society where everyone – regardless of when they were born – can thrive. That necessitates investing in affordable housing, improving education, and building economies that don’t rely on inflated property prices. It means creating cultures where owning a home is not the ultimate dream, but leading fulfilling, healthy lives is.
Boomers have done their part. So, when and how will we stop looking at them as cash cows and start imagining a future where financial security isn’t tied to property? It’s time to stop asking the same tired questions and start thinking bigger. There’s more to life than owning a house – and the next generations can lead the charge on that.
GENERATIONS ECONOMICS HOUSING VALUES SOCIETY
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