Boomers think their wealth came from wise choices – this myth needs busting

‘Don’t touch our hard won wealth’ will be boomers’ message to the Treasury’s incoming proposals. For the rest of society, this plea rings hollow. Photograph: Robert Kneschke/Alamy

The most infamous example of middle-income baby boomers seeking retribution for the loss of their accumulated wealth occurred in Germany in 2009, when a retired builder and his pensioner accomplice took their financial adviser hostage after more than £2m of stock market investments had crashed.

In the UK, the chancellor, Rachel Reeves, is unlikely to face the same prospect if she swipes some of the gains baby boomer’s have amassed from property and pensions in her November budget, but those affected are still going to seek their revenge.