Have the Boomers Pinched Their Children’s Futures? - with Lord David Willetts

What people said

nickcox · 2021-06 · Strong recommendation

There is definitely a serious intergenerational fairness issue here. One of the best expositions of the problem I've seen is this talk by Tory peer (and boomer!) Lord David Willetts. [VIDEO]

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zbuf · 2022-08 · Recommendation

You might find this video interesting from a UK perspective, I suspect with a mix of overlap and difference to the USA: [VIDEO] David Willets draws comparison of "boomers" to other generations, and includes what is paid into healthcare vs. what is consumed in a lifetime.

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marcyb5st · 2022-07 · Recommendation

I think a good explanation of the phenomenon is detailed here: [VIDEO] (it's a 50 min talk and targets the UK, but it's applicable to the Western world IMHO). The summary is: - People are working more and reaping less and less from their labor - Social security is getting both worse and less accessible for people in the working age - Working people in general have a much harder time entering the house market and when they do the bang for the buck is way worse than in the past - Retirement plans are getting worse and worse - Millennials and younger people will likely have to drastically reduce their carbon footprint by as much as a factor of 8 compared to the previous generations if we want to hit climate goals for the century Apart for the carbon one, the others are things I am also witnessing both in Switzerland and Italy. And with these premises I don't find surprising that people consider "working hard" or even working not worth it.

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