boomers have a major psychological weakness - they can barely remember a time when wealth DIDN'T randomly fall into their lap - a former (boomer) boss of mine said, when I suggested hard times could be ahead 'no - there'll just be another scam to make money, BT privatisation, demutualised building societies, house prices, money will come from somewhere'
Whose fault is it if they are born into a generation that experiences above average growth or into one that struggles in the early years? I suppose that at 50 I am probably classed as one of the hated "boomer generation" but only ever had an average or less than average salary. From 1992 when I bought my first house in a cr"p area (rough in Slough) to 1997 I was always close to going under due to the mortgage and a car loan.
Agreed some boomers have had it easy from the start with large inheritances or gifts from rich parents but not all of us had it that way. There have been some good growth years along the way for equities and property and they maybe not around again for some years to come but eventually it will return.
I can say honestly that wealth never fell into my lap apart from the HP inflation, never had free shares from mutuals or privatisation shares off of BT etc. To make a change in my life I took a second job and invested the wages into risky shares and spread betting, really just a gamble that paid off.
Maybe a larger proportion of boomers than you think have had a hard time over at least some of their years, many of my friends around the same age are still renting a room in a shared house and will also be working till they drop. Some after getting made redundant in their later years are finding themselves locked out of any job.
But after all, whenever your struggles happen in life there will always be someone harder off than you with absolutely no hope of life getting better (parts of Asia and Africa come to mind)