The Japan Times - Boomers: Selfish or Scapegoats?

EUR -
AED 4.333943
AFN 77.886842
ALL 96.792942
AMD 447.296501
ANG 2.112488
AOA 1082.159122
ARS 1713.458937
AUD 1.696407
AWG 2.124194
AZN 1.996602
BAM 1.947356
BBD 2.379383
BDT 144.483519
BGN 1.981838
BHD 0.444943
BIF 3498.430304
BMD 1.180108
BND 1.500606
BOB 8.192823
BRL 6.20808
BSD 1.181378
BTN 108.03203
BWP 15.549237
BYN 3.382732
BYR 23130.117712
BZD 2.375908
CAD 1.613538
CDF 2543.133159
CHF 0.919263
CLF 0.025867
CLP 1021.391854
CNY 8.197621
CNH 8.187991
COP 4274.41035
CRC 586.16336
CUC 1.180108
CUP 31.272863
CVE 110.782636
CZK 24.314731
DJF 209.728756
DKK 7.46822
DOP 74.287605
DZD 153.336689
EGP 55.568333
ERN 17.701621
ETB 183.211244
FJD 2.604026
FKP 0.861189
GBP 0.863178
GEL 3.180407
GGP 0.861189
GHS 12.928055
GIP 0.861189
GMD 86.725765
GNF 10327.125434
GTQ 9.064695
GYD 247.168748
HKD 9.216882
HNL 31.213903
HRK 7.536877
HTG 154.830622
HUF 380.943748
IDR 19785.927529
ILS 3.659326
IMP 0.861189
INR 106.761956
IQD 1546.531595
IRR 49712.051645
ISK 145.200535
JEP 0.861189
JMD 185.488081
JOD 0.836727
JPY 183.523283
KES 152.387676
KGS 103.200652
KHR 4750.534523
KMF 493.285478
KPW 1062.097242
KRW 1711.664242
KWD 0.362458
KYD 0.984473
KZT 596.578289
LAK 25366.422407
LBP 100958.242999
LKR 365.838373
LRD 219.499673
LSL 19.011247
LTL 3.484552
LVL 0.713836
LYD 7.458173
MAD 10.808314
MDL 20.001122
MGA 5251.480408
MKD 61.658671
MMK 2478.210923
MNT 4206.642931
MOP 9.503692
MRU 47.121434
MUR 53.872178
MVR 18.232606
MWK 2049.847706
MXN 20.52202
MYR 4.671456
MZN 75.231947
NAD 19.011085
NGN 1641.53047
NIO 43.30141
NOK 11.441467
NPR 172.851978
NZD 1.962741
OMR 0.453763
PAB 1.181383
PEN 3.972238
PGK 5.001318
PHP 69.531845
PKR 330.135697
PLN 4.221949
PYG 7854.940943
QAR 4.297069
RON 5.095943
RSD 117.395934
RUB 90.220397
RWF 1714.696992
SAR 4.425624
SBD 9.50943
SCR 16.816716
SDG 709.838278
SEK 10.571614
SGD 1.500395
SHP 0.885387
SLE 28.883091
SLL 24746.274816
SOS 674.433345
SRD 44.873592
STD 24425.853934
STN 25.077296
SVC 10.337309
SYP 13051.493324
SZL 19.011467
THB 37.149753
TJS 11.033804
TMT 4.142179
TND 3.36036
TOP 2.841417
TRY 51.311217
TTD 7.998387
TWD 37.281027
TZS 3054.698637
UAH 50.877442
UGX 4219.703348
USD 1.180108
UYU 45.831275
UZS 14456.323222
VES 436.394019
VND 30706.41137
VUV 140.617793
WST 3.199014
XAF 653.152601
XAG 0.014267
XAU 0.000247
XCD 3.189301
XCG 2.129068
XDR 0.810988
XOF 650.832122
XPF 119.331742
YER 281.308231
ZAR 18.963758
ZMK 10622.392479
ZMW 23.184454
ZWL 379.994309
  • SCS

    0.0200

    16.14

    +0.12%

  • CMSD

    0.0300

    24.08

    +0.12%

  • BCC

    0.9400

    81.75

    +1.15%

  • NGG

    -0.6600

    84.61

    -0.78%

  • CMSC

    -0.0100

    23.75

    -0.04%

  • BTI

    0.3100

    60.99

    +0.51%

  • GSK

    0.8700

    52.47

    +1.66%

  • JRI

    0.0700

    13.15

    +0.53%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • AZN

    1.3100

    188.41

    +0.7%

  • BCE

    -0.0300

    25.83

    -0.12%

  • RIO

    1.4900

    92.52

    +1.61%

  • BP

    -0.1800

    37.7

    -0.48%

  • VOD

    0.2600

    14.91

    +1.74%

  • RYCEF

    0.7000

    16.7

    +4.19%

  • RELX

    -0.2700

    35.53

    -0.76%


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.