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Boomers - your time is up ... : Comments
By Trish Bolton, published 21/6/2006Move over Baby Boomers, it’s time to let someone else drive the car.
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You are, as John Howard has put it, guilty of hyperbole. Are the Boomers the 'lucky generation'? No, I don't think so. The really lucky generations were those born in the 1930s and WW II because there were so few of them and they were able to ride to affluence on the wave of the boomers coming after them. The further you go after WW II the less lucky the boomers have been, and they do go up to a birthdate of 1961. The key date in Boomer history is 1973 and the oil crisis. Before that there were lots of opportunities and perhaps Trish's colourful portrayal may have a grain of truth. After that opportunities diminshed as unemployment rates rose. Sure not as tough as later but tougher than the late 1960s. The tide of demography might yet turn against the Boomers and they could easily end up with less than the generation before them in old age as there are so many of them! And it is worth pointing out that Australia has yet to have a Boomer Prime Minister.