Add in age related benefits and median income by age, and it is undeniable that the older generations suck the productivity and wealth from the younger like vampires.
Long term benefits are part of the negotiation. That some have been around long enough to realize those benefits while others are still working towards seeing them vested is not an indication that one is draining from the other.
Unemployment sucks for younger generations in the developed world because we just had a huge economic bust...of course it's easier to keep a job then to get a job. You've already proven yourself.
Central bank easing has helped those with assets, which is predominantly the older. Obamacare helps also the older, in fact today's youth pay an outsized subsidy to the old even though they are the least able to afford it.
Today's youth are also the most indebted, college was remarkably cheaper for previous generations but now that advantage is gone.
Politics tells the same story, the congress and judicial instituions are packed by white haired babyboomers making policy predominantly in the interest of the old.
Regulations help the large established companies to the determent of the small and new.
> Accordingly to the world's stock markets things couldn't be better, but it hasn't changed job prospects for today's youth. > Today's youth are also the most indebted, college was remarkably cheaper for previous generations but now that advantage is gone.
This is largely media hype with regard to recent graduates. Yes, the total amount of debt has gone up. However, college graduates salaries have gone up as well. And the total number of college students burdened with debt disproportionate to their salaries (compared to earlier generations) has gone down. Further, virtually all the focus on rising tuition costs focus on the nominal cost of tuition rather than the actual cost paid by the median student (which is far, far less).
In fact, it's households with the lowest debt that are most likely to be classified as in financial hardship.
Citation: http://www.brookings.edu/~/media/research/files/reports/2014...
> Obamacare helps also the older, in fact today's youth pay an outsized subsidy to the old even though they are the least able to afford it.
This is a well trodden topic. Youth not paying into the system was a primary factor in driving up costs for everyone...costs that everyone eventually pays and that we must carry as a society. Further, 80%+ of all insurance is provided by the employer. If you're employed, nothing changed as far as your "burden" and if you're not you most likely qualify for subsidies.
As far as our representatives all being gray haired matrons. This has always been the case. Not sure what's changed here.