How the Baby Boomers Destroyed America's Future
By Alex Planes | More Articles
Pity the baby boomers. No generation seems more widely despised, even among its own members. A quick Google search shows just how common this is -- the search string "baby boomers are" will be auto-completed with "selfish," "evil," and "the problem." Shortening the string to just "boomers are" adds "the worst generation" to your results. Ouch. How did a generation raised on peace and love in the age of Woodstock come to symbolize everything that's wretched and wrong with the world today?
Maybe it has something to do with these trends.
Income inequality has exploded
Baby boomers were part of a generational bulge born immediately after the end of World War II. The leading edge of that bulge began coming of age during the late 1960s, which means boomer power began to rise toward its peak around the time Ronald Reagan became president. The growth of boomer economic and political power that began during the 1980s also happens to coincide with the beginning of a long-running trend toward greater income inequality:
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