This is a good read if you can be bothered

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Lots of facts, no judgement. The IFS has lots of research on intergenerational fairness too, all of which is excellent.

It does all point to a problem, not one made by Baby Boomers being selfish, but by things like the GFC, hollowing our effects from technology, prolonged life expectancy and many other things beside. The present generation is the first in human history to be worse off and facing worse life prospects than any before it. There are no easy ways to address this though, but things like pension triple lock should be a topic for debate.

Posted By: Under soil heating, Oct 22, 17:28:36