I am a member of GenX and thus, I have always felt like I am joining a demographic party that ended several years ago. Because I am part of the smaller cohorts born in the 1970s, the baby boomer generation will not only have retired before me but essentially gorged on the welfare system from social security to healthcare. Meanwhile, the declining labour force population means that we have to pay more and more to finance the creaking social welfare net while also having to save more for our own retirement due to the abolition of defined benefit pension schemes that guarantee a pension.
Great post! In the British context, out of interest, what are your thoughts are on the triple lock?