November 24, 2025
Tom Brokaw wrote a best-selling book titled, “The Greatest Generation.” In the book, Brokaw profiled Americans who came of age during the Great Depression and went on to fight in World War II. It turns out that my generation, the Baby Boom generation born between 1946 and 1964, is not quite as highly regarded by the generations that follow us. To be specific, I am referring to Gen X born between 1965 and 1980, Gen Y aka Millennials born between 1981 and 1996, and Gen Z born between 1997 and 2012. They share their distaste for their elders in a New York Times video posted October 17, 2025 titled, “Thanks a Lot, Boomers.” What did we do to deserve such approbation?
Younger Americans are struggling with the high cost of education, scarcity of affordable housing, and a diminished American dream. They have a 50% shot at being better off than their parents where the Boomers had an 80% chance. Communities are still divided by race, and burdened by debt. They say that we were handed cheap college, cheap housing, and abundant opportunities. We wound up wealthier than our parents, and not because we were smarter or worked harder. America was an “escalator.” There were more benefits for Boomers, more tax cuts, and the country borrowed to make up the difference. We added $30T to the national credit card. Public college costs today are four times what they were in 1970. Housing is twice as expensive. Boomers squashed new development to protect property values, which resulted in even more segregation in the public schools.
The first Boomer president was Bill Clinton. Hopefully, Trump is the last. The Bush years were peak Boomer. In 2001, we had a surplus, but we then passed a giant tax cut. In 2003, we passed another tax cut. In 2006, we passed a big increase in government spending for Medicare just as the Boomers were retiring. This all led to dramatic increases in the national debt. They will say that we were mortgaging their future. We preferred Walmart over factory jobs. We enjoyed the the deregulation of the banking industry, leaving the mess to future generations. We paid lip service to environmentalism. We never made the hard choices. Tree-hugging and recycling were feel good behaviors, but the planet just kept getting dirtier and hotter.
They say that they appreciate our efforts regarding civil rights and gender equality. Thanks, I guess. My gut reaction is to dismiss a lot of this as whining, and to tell them to get off my lawn. After all, Millennials and Gen X will be inheriting $90T in the Great Wealth Transfer. Unfortunately, they don’t want our china and silverware, but that is a different discussion. Maybe they should just say thank you.
However, my friends and I shouldn’t just dismiss their complaints out of hand because it isn’t convenient. We are experiencing today a concentration of wealth not seen since the Gilded Age, which should be a challenge for Liberals and Conservatives alike. According to an excerpt from economist John Kenneth Galbraith’s “Affluent Society”, “No other question in economic policy is ever so important as …. the distribution of income. The test of the good liberal is that he is never fooled, but he never yields on issues favoring the wealthy. Despite his efforts, the wealthy become wealthier and more powerful.”
We ignore and dismiss the Gen Z population at our peril. They are rapidly becoming a political force. By 2024, 40% of the electorate was Gen Z and Millennials. The Mayor-elect of New York City is thirty-four years old, and even the President welcomed him graciously into the Oval Office. According to surveys, in addition to affordability, their overarching concerns include the right of a woman to control her reproductive health; the right of all Americans to breathe clean air and clean water; the right of all voters to have unfettered access to the polls; and the right of younger people to feel safe from school shootings.
The Baby Boomers are not a monolith. They have seen much of the legislation that was enacted in 60’s undone by right wing extremists. The Dobbs decision undid the 1965 case, Griswold vs. Connecticut, which Boomers assumed would be Constitutionally-guaranteed abortion policy. The Clean Air Act was put into law in 1970 by Richard Nixon. The Voting Rights Act was signed into law by Lyndon Johnson in 1965.
When the historians that are produced by the generations that come after us write our history, it may not be flattering. Did we fall asleep at the wheel? Did we kick the can down the road? Were we blindly just feathering our own nests? They may blame us, fairly or not, for major shortfalls in housing and employment, inflation, income inequality, environmental degradation, an erosion of civil rights, and a lack of civility. They may call us the “The Greatest Degeneration.” I wholeheartedly disagree, but it is not up to me, is it?