“The boomers have bequeathed a situation which may make it extremely difficult for the millennials to live up to their own aspirations,” said Bruce Cannon Gibney.
“I think they raised their children as best they could on an individual level,” he continued. “Unfortunately, they pursued policies that will make it extremely difficult for their children to be all they can be.”
Gibney noted the literature suggests that those who suffer from early life income losses never recover.
“In 2030 when we inherit this mess, we will have World War II levels of debt, we will have unaddressed climate change, social security will be about to run partially insolvent — that happens in 2034.” All of this is a result, Gibney claims, of the political and personal choices of the boomer generation.
Read article and watch video at Salon : WATCH: Baby boomer politicians have got to go – Salon.com