they appear to have gone into shares when they were high, gold when it was high, and want to buy a house as soon as possible whislt prices are still high
in reality they are tactically avoiding opportunities and heading deliberately for the biggest pitfalls available
I think most people do this, so despite a lifetime of earning they end up with nothing
the boomers generation, outside the public sector, have very little as far as I can tell besides housing wealth, which they are holding onto and will lose as prices subside, for example, it is the way of things
it is something to do with the human condition
To be fair ZIRP has meant that savers are being forced into risky asset classes (shares) or safe havens (Gold). I remember 12 years ago getting over 5% in my ING savers account.