Given the state of the economy and the public debts we are incurring, much less the cost of Medicare and Social Security, I predict we are just beginning to see the intergenerational conflict and struggle that's headed our way.
Here's a taste from the Daily Mail. Baby boomer generation are 'retirement aristocracy' who will make younger generations pay.
The baby boomer generation are 'retirement aristocracy' as they hold lucrative pensions that will be paid for, but unavailable to, younger workers.
People who are more than 50 years old will walk away with the most valuable pensions as they benefited from gold-plated final salary schemes while their firms could still afford them.
But now these people, who are typically in white collar management roles, have 'pulled up the ladder' to younger workers to protect their huge pots.
Younger workers are also being forced to pay the cost of maintaining final salary pensions to the dwindling band of older workers in such schemes.
And they are having to accept far less attractive pension schemes which will barely support them in retirement.