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Fortune
Fortune
Nick Lichtenberg

'The golden years are not golden': Boomers are hoarding most of America's wealth and power because they're terrified of outliving their money

Male baby boomer looking worried (Credit: Getty Images)

Baby boomers have most of the wealth and power in America, so why are they so angry when this gets pointed out?

In recent weeks, a collection of economic data and explanations of structural forces preventing important things like housing affordability, household formation, and economic mobility has provoked many responses. Some are thoughtful, some angry, some even defensive, but increasingly urging me to look beyond the reliable generational framing.

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