why should gen y x and z pay for thebabyboomer

This is a general comment about the generational adjustments taking place and not necessaarily related to any party.

Where is the justice in Gen Y and X and later generations having to pay for Baby Boomers by shifting the pension age from 65 to 70. Particularly when those starting now get off by going straight to the pension next year at 65 as per internet today

My argument is based on the following:

This generation received exponential growth in resources and world technological advances.

Rapid property value growth unlikely to be repeatd.

Superior education to previous generations particularly tertiary education.

Cheaper housing compared to wages and consequently property wealth.

Great opportunities due to the general market growth within Australian ie review population figures as a general guidline.

Superior work benefits ie defined benefit schemes and employment opportunties eg. Lawyer growth, and other professions etc...


I do not believe the baby boomers are carrying there weight.

I would like the pension age to shift to 70 for the next 10 to 15 years and then bring it back


Has anyone one conducted an analysis of family wealth of all Aus people based on the percentage of members born between 1946 and 1960 for example . I would suggest it would easily be greater than average.