"Egan also pointed out that boomers are not dealing with the same high cost of living that younger generations are. They bought houses for exponentially cheaper and don’t have other things like student loans to consider.
While this may not explain the psychological reason behind why boomers are more stingy with their money, it does explain how they ended up with more in the first place. Additionally, the good financial conditions they’ve gotten used to could lead them to a false belief that younger generations aren’t struggling when they certainly are.
Whatever the reasoning is behind boomers’ greediness, it’s important to note that this is not a blanket statement that applies to every boomer. Plenty are very generous — but as a whole, they are less so than younger generations."
~ Mary Faith Martinez
"Study Reveals The Greediest Generation | YourTango"
https://www.yourtango.com/self/study-reveals-greediest-generation
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