I think the baby boomers had overall the best living experiences and the easiest time of anybody. They lived through the greatest expansion of economy in the history of America and the debt was created by them for personal benefit.
The debt added in the past ten years or so are not the sole fault of the boomers. Gen X and the Millenials were pretty active in government.
Also, the private debt being wracked up is not the fault of the boomers.
This habit of blaming everything on “generations” is hilarious. It uses the terms established by the academics…yet I guarantee very few of the people using these terms to generalize behavior haven’t read the books. At all.
It’s like the people who use “black swan” incorrectly.