alternate phrasing: boomers stuffed all their money in their bank accounts instead of building a world their kids could afford to live in.
While I can agree about their failures, “don’t save it’s bad for the consumer economy” can go to hell.
i’m not saying “don’t put money into savings”, i’m saying every now and then, people should make a decision that benefits the world as a whole rather than just their personal financial situation.
boomers didn’t sacrifice their own spending to build their net worth, they sacrificed *public* spending to do it. and not just public spending, but things that are literally free. like, deciding nobody should ever be allowed to build more housing anywhere ever, because that makes their real estate investment go up.