I heard the same crap about the "Boomers" in the early seventies. We wouldn't be able to provide for our retirements because our parents owned all the stock and there wouldn't be any for us to buy. We wouldn't find jobs, because our parents wouldn't give them up.
Yada, yada, yada. It's always the same and no one thinks to blame government intervention in the economy as the root of the problem.
You are so right, it’s the “same sh** different day” time in history again.