Boomers were at the right place at the right time. They enjoyed the crescendo of the manufacturing sector in the western world with being able to enjoy relatively high-paying jobs for low levels of skill. Coupled with this massive increase in economic activity from the war the also stepped into very high-paying jobs relative to total demand and were able to afford homes that were a much smaller fraction of income.
Now in the new post-modern economy of services, retail and consumption the boomers children are not so lucky. Boomers still enjoy their high paying jobs, are able to pay off their homes and are leveraging further for second homes or remortgages keeping house prices high, meanwhile real income levels have stagnated for more than a decade and the prospect of a low-skill high-pay manufacturing job simply does not exist. Instead, students are forced to go to universities which are subsidized far less than in the boomers time to take on large tuition liabilities to educate in skills for jobs are replacement for slowly retiring boomers. Theres is no wild west of job creation like in the boomers time but an incremental snatch.
Furthermore, boomers now making more money than ever have also demanded through the political system to lower taxes on the middle class, this effect is unilaterally higher costs for services for younger people than what they previously had to pay. But of course it will continue to follow them.
Boomers will demand through the political system to not incur the costs of their social demands and therefore health care, retirement plans and other senior-friendly services will be paid out more by the people who don't use them at the expense of services that will be useful to future generations (education, infrastructure etc.)
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