Zürcher Nachrichten - Boomers: Selfish or Scapegoats?

EUR -
AED 4.331594
AFN 77.8451
ALL 96.422152
AMD 445.434763
ANG 2.111342
AOA 1080.97374
ARS 1707.59645
AUD 1.689141
AWG 2.124517
AZN 2.009634
BAM 1.954198
BBD 2.376751
BDT 144.201761
BGN 1.980763
BHD 0.444669
BIF 3483.076915
BMD 1.179468
BND 1.501326
BOB 8.154314
BRL 6.185598
BSD 1.180032
BTN 106.81387
BWP 15.540258
BYN 3.369837
BYR 23117.570581
BZD 2.373354
CAD 1.613872
CDF 2624.316245
CHF 0.91692
CLF 0.025718
CLP 1015.498126
CNY 8.188043
CNH 8.183933
COP 4295.622044
CRC 585.020308
CUC 1.179468
CUP 31.255899
CVE 110.174661
CZK 24.311216
DJF 210.137696
DKK 7.466456
DOP 74.365378
DZD 153.347129
EGP 55.405511
ERN 17.692018
ETB 182.7902
FJD 2.602618
FKP 0.863588
GBP 0.869392
GEL 3.172529
GGP 0.863588
GHS 12.957376
GIP 0.863588
GMD 86.69623
GNF 10356.902927
GTQ 9.051578
GYD 246.887563
HKD 9.214457
HNL 31.171758
HRK 7.531493
HTG 154.679726
HUF 379.560984
IDR 19896.443782
ILS 3.663439
IMP 0.863588
INR 106.523523
IQD 1545.692666
IRR 49685.084917
ISK 144.803603
JEP 0.863588
JMD 185.01457
JOD 0.836254
JPY 185.413536
KES 152.150702
KGS 103.144515
KHR 4753.255912
KMF 491.83787
KPW 1061.556487
KRW 1728.179926
KWD 0.36251
KYD 0.983394
KZT 586.329235
LAK 25383.186873
LBP 101611.158739
LKR 365.240518
LRD 219.380728
LSL 18.942366
LTL 3.482662
LVL 0.713448
LYD 7.457885
MAD 10.821026
MDL 19.966628
MGA 5226.761516
MKD 61.649525
MMK 2476.626868
MNT 4209.70601
MOP 9.496313
MRU 46.859776
MUR 54.325858
MVR 18.233853
MWK 2049.914963
MXN 20.462695
MYR 4.655366
MZN 75.203136
NAD 18.941996
NGN 1616.378441
NIO 43.426049
NOK 11.416795
NPR 170.901868
NZD 1.967535
OMR 0.453507
PAB 1.180032
PEN 3.965958
PGK 5.056047
PHP 69.25305
PKR 330.06556
PLN 4.216981
PYG 7810.595646
QAR 4.294738
RON 5.09483
RSD 117.413653
RUB 90.400836
RWF 1721.974164
SAR 4.423092
SBD 9.511992
SCR 16.137802
SDG 709.447773
SEK 10.625885
SGD 1.502141
SHP 0.884906
SLE 28.9557
SLL 24732.850987
SOS 674.077708
SRD 44.694753
STD 24412.60392
STN 24.480861
SVC 10.325534
SYP 13044.41343
SZL 18.942435
THB 37.412949
TJS 11.027758
TMT 4.134035
TND 3.35617
TOP 2.839875
TRY 51.353737
TTD 7.993446
TWD 37.370223
TZS 3037.129598
UAH 50.89599
UGX 4201.554905
USD 1.179468
UYU 45.482706
UZS 14466.138385
VES 445.820403
VND 30630.78102
VUV 141.167767
WST 3.215636
XAF 655.30023
XAG 0.015066
XAU 0.000243
XCD 3.187571
XCG 2.126756
XDR 0.815132
XOF 655.419584
XPF 119.331742
YER 281.096682
ZAR 19.042845
ZMK 10616.627314
ZMW 23.100059
ZWL 379.788178
  • RYCEF

    -0.0600

    16.62

    -0.36%

  • VOD

    -0.9200

    14.79

    -6.22%

  • RELX

    0.5300

    30.31

    +1.75%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • SCS

    0.0200

    16.14

    +0.12%

  • NGG

    -0.9600

    86.83

    -1.11%

  • CMSC

    -0.1199

    23.5

    -0.51%

  • RIO

    -3.9600

    92.52

    -4.28%

  • BCC

    -0.8100

    89.42

    -0.91%

  • CMSD

    -0.0700

    23.8

    -0.29%

  • BCE

    -1.0100

    25.33

    -3.99%

  • GSK

    1.6100

    58.84

    +2.74%

  • JRI

    0.1800

    13.33

    +1.35%

  • BTI

    0.4050

    62.035

    +0.65%

  • BP

    -0.9200

    38.28

    -2.4%

  • AZN

    2.1950

    189.645

    +1.16%


Boomers: Selfish or Scapegoats?




The debate over whether the Baby Boomer generation—those born between 1946 and 1964—deserves the label of "the most selfish generation in history" has intensified in recent years. Critics argue that Boomers have prioritised their own comfort and prosperity at the expense of future generations, while defenders point to their contributions to social progress and economic growth. This article explores both sides of the argument, drawing on economic, social, and cultural factors to assess the validity of the claim.

A Generation of Prosperity
The post-World War II era was a time of unprecedented economic growth, particularly in Western nations. Boomers grew up in a period of relative stability and prosperity, benefiting from expanding educational opportunities, affordable housing, and a booming job market. This generation was the first to enjoy the fruits of modern consumer culture, with access to new technologies, healthcare advancements, and a welfare state that provided a safety net. However, this prosperity has been criticised as a double-edged sword. While Boomers thrived, they are accused of failing to address long-term challenges such as climate change, economic inequality, and the sustainability of social security systems. The argument goes that their focus on short-term gains has left younger generations—particularly Millennials and Generation Z—facing a future of environmental degradation, housing crises, and precarious employment.

The Burden of Debt
One of the most frequently cited examples of Boomer selfishness is their approach to public debt. Over the past few decades, national debts have soared in many countries, driven by policies that prioritised tax cuts, increased spending on entitlements, and economic stimulus measures. Critics argue that Boomers, who have held political and economic power during this period, have been complicit in passing on this financial burden to future generations. The rising cost of healthcare, pensions, and social security, combined with stagnating wages for younger workers, has fuelled resentment. In some nations, national debt has increased dramatically since the turn of the century, a period during which Boomers dominated leadership positions. This fiscal irresponsibility, some argue, reflects a generational disregard for the future.

The Housing Divide
Housing is another area where Boomers are accused of hoarding wealth. In many developed countries, property prices have skyrocketed, making homeownership increasingly unattainable for younger generations. Boomers, who bought homes when prices were relatively low, have seen their property values soar, creating a wealth gap that is difficult for Millennials and Gen Z to bridge. Over the past few decades, average house prices have risen significantly while wages have remained largely stagnant. This has led to accusations that Boomers have pulled up the ladder behind them, benefiting from policies that favoured property ownership while younger generations are left renting or struggling to save for deposits.

A Legacy of Progress
However, it would be unfair to paint the entire generation with the same brush. Boomers have also been responsible for significant social progress. The civil rights movements of the 1960s and 1970s, which fought for racial equality, gender rights, and LGBTQ+ inclusion, were largely driven by Boomer activists. Their contributions to technology, healthcare, and education have also been transformative. The digital revolution, which laid the foundation for the modern internet and communication technologies, was spearheaded by Boomer innovators. Moreover, many Boomers have engaged in philanthropy and community service, challenging the notion that they are universally selfish.

Generational Perceptions
Another important factor to consider is the role of generational differences in shaping perceptions of selfishness. Younger generations, facing economic uncertainty and environmental crises, may view Boomers' actions through a lens of frustration. However, it is worth noting that every generation has faced criticism from its successors. The Silent Generation, who preceded the Boomers, were often derided for their conformity and conservatism, while Millennials have been labelled as entitled and overly reliant on technology. This cyclical nature of generational criticism suggests that the "selfish" label may be more a reflection of changing societal values than an objective truth.

Structural Influences
Furthermore, the accusation of selfishness overlooks the structural factors that have shaped Boomer behaviour. The economic policies of the late 20th century, particularly the rise of neoliberalism, encouraged individualism and short-term thinking. Boomers, like all generations, were influenced by the prevailing ideologies of their time. The shift towards deregulation, privatisation, and globalisation was not solely a Boomer creation but a broader political and economic trend. To single out Boomers as uniquely selfish ignores the complex interplay of historical forces that have shaped modern society.

Conclusion
In conclusion, while there is evidence to suggest that the Boomer generation has benefited disproportionately from economic and social conditions, labelling them as "the most selfish generation in history" is an oversimplification. Their contributions to social progress and innovation cannot be ignored, nor can the structural factors that have influenced their behaviour. The intergenerational debate is likely to continue, but it is essential to approach it with nuance, recognising that each generation operates within the constraints and opportunities of its time.