The Greediest Generation
I’m a boomer. There was a time when I was proud of my generation. No more. New York Times columnist Nicholas Kristof explains why:
As a baby boomer myself, I can be blunt: We boomers won’t be remembered as the “Greatest Generation.” Rather, we’ll be scorned as the “Greediest Generation.”
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As of 2003, the share of elderly below the poverty line had fallen by two-thirds to 10 percent – representing a huge national success. Retirement in America is no longer feared as a time of destitution, but anticipated as a time of comfort and leisure.
On the other hand, the proportion of children below the poverty line is still 18 percent, the same as it was in 1966. And while almost all the elderly now have health insurance under Medicare, about 29 percent of children had no health insurance at all at some point in the last 12 months.
One measure of how children have tumbled as a priority in America is that in 1960 we ranked 12th in infant mortality among nations in the world, while now 40 nations have infant mortality rates better than ours or equal to it. We’ve also lost ground in child vaccinations: the United States now ranks 84th in the world for measles immunizations and 89th for polio.
With boomers about to retire, I’m afraid that national priorities will be focused even more powerfully on the elderly rather than the young – because it’s the elderly who wield political clout.