Monday, June 24, 2019

How the Boomers Ruined Everything

https://www.theatlantic.com/ideas/archive/2019/06/boomers-are-blame-aging-america/592336/

The Baby Boomers ruined America. That sounds like a hyperbolic claim, but it’s one way to state what I found as I tried to solve a riddle. American society is going through a strange set of shifts: Even as cultural values are in rapid flux, political institutions seem frozen in time.

Baby Boomers are living longer even as the workers who pay for their pensions are dying from an epidemic of drug overdose, suicide, car accidents, and violence. But, of course, while this sudden increase in working-age death rates is a new concern, the long-run fiscal crunch has been obvious for decades. For virtually the entire period of Boomer political dominance, it has been obvious that long-term obligations needed to be fixed. And yet, the problem has not been fixed. Younger Americans will suffer the consequences.

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