RE: Are you a baby boomer?

"The first generation builds, the second generation receives, and the third generation squanders the wealth." Or so the saying goes.

You could now say that the fourth generation will in turn become itself into a first generation, which in turn rebuilds what has been destroyed. It seems that we are always in a cycle of similar events.
You could also say that instead of the boomers "not caring", they "didn't worry" and you would be right about that too. Those who wanted to make provisions and did so are always somewhat at odds with those who distrust provision. Not without good reason, because capital is unstable and not a reliable thing. Not even property is. Faithful and confident people are the ones you want to and should rely on. Preferably both, of course.

I'm one of the boomers who won't be inheriting a house or a lot of money. So my son and the sons and daughters of others will be on their own (they can wish it would be otherwise but they are not entitled to). In all likelihood, many will have a hard time, because hedonistic parents (me and my fellow generation) often have hedonistic children as a consequence. But not all of them. For some, the role model is reversed.

However, we must not forget that the entire investment in the children of the boomers goes more into the present and what these parents invested in their children during their lifetime is much higher in comparison than our parents invested in us. Also, emotionally there is a lot invested into them (at least, when I speak for myself).

I see many of my life choices now in a different light. Would probably have taken a different course if wiser at younger age. But I wasn't. Not making a murder pit out of my heart, though.