Thursday, January 08, 2015

Which is the real spoiled generation: Boomers or Millennials?

The Most Entitled Generation Isn't Millennials: It's Baby Boomers

By Ross Pomeroy & William Handke - January 8, 2015

For the first time in America’s history, an entire generation of her citizens is poorer, more indebted, and less employed than the preceding generations.

That generation is the Millennials – our generation.

The culprit, say some social commenters, are Millennials themselves. In this telling, we are a lazy cohort of entitled and narcissistic brats– the proverbial “Generation Me.” But this is a classic case of blaming the victim.

The true cause of this unfortunate situation is clear: it’s the economy. The Great Recession stymied economic growth, halted job creation, kept older Americans in the workforce longer, and encouraged younger Americans to continue debt-financed schooling.

Moreover, the Great Recession was not merely a one-off calamity – it was a symptom of economic ills long perpetuated and ignored. And the criticism and labels that have been heaped upon Millennials bear much more resemblance to the type of intergenerational stereotyping that has always existed (“Darn kids these days.”) than to any measurable reality.

The truth: The economic tragedy of the Millennial generation was written before many of us had even learned to read – by Baby Boomer parents and grandparents who, at once, genuinely love and care for us, but have also created or perpetuated institutions, policies, and economic realities that have now hobbled us.

Our generation has been called “entitled.” We beg to differ. If any generation is entitled, it’s our parents’ and grandparents’ generation: the Baby Boomers.

(Read more here.)

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