What we are witnessing today is a historic inter-generational transfer of wealth. Past generations could expect a better life, but today’s youth are picking up the tab for the baby boomers. What’s more, it is the policies of the man they held up as a hero that are inflaming the problem.
Young people are easy marks. They don’t have big lobbies like the AARP. And despite being helpful to Obama, they are still generally taken for granted by politicians. Even worse, the assumption is that they are a wholly-owned subsidiary of the Democratic Party — a designation that means young people can be taken for granted (by Democrats) or written off (by Republicans).
Maybe young people still haven’t noticed, or don’t really care — at least not enough to change their voting habits. Maybe they are too interested in political issues like immigration reform or gay marriage to worry about their economic future. Or maybe as long as there’s bread and circuses (beer and pizza, as my college professor used to say), they’ll be fine. But I suspect some day in their 30s when they are trying to get ahead and raise a family, many of them will have buyer’s remorse.