Sun, Feb 26, 2012, 10:09 AM EST - U.S. Markets closed

Boomers vs. Millennials: The Fight of a Generation (or Two)

When 20-somethings battle baby boomers over society's limited resources, expect the boomers to (gasp) retreat.

615_300_Millenials_Boomers_Shutterstock_Sandrea_Stiegler.jpg

Shutterstock/Sandra Stiegeler

GREAT FALLS, Va.--Economist and demographer Neil Howe sells himself as an expert on generations. He argues that when people are born determines the cultural and historical context in which they are reared and therefore their attitudes and values. His 1991 book, Generations, coauthored with the late William Strauss, proposed a cyclical view of U.S. history as a succession of idealistic or civic-minded--or reactive or adaptive--generations.

Not all scholars were impressed, but the authors' analysis offers a useful prism for making sense of the nation's economic plight. Howe foresees a clash between seniors and the Millennials--a term that he and Strauss coined--coming of age in this century. (Generation X was sandwiched between baby boomers and Millennials.) He also predicts a surprising victor: yes, the young 'uns.


Howe, a baby boomer at age 60, runs a consulting firm, LifeCourse Associates, and is a senior adviser to the Concord Coalition and a senior associate at the Center for Strategic and International Studies. He holds master's degrees in economics and history from Yale. Edited excerpts from an interview follow.

Do you see a coming clash between generations over the allocation of resources?

HOWE: I see, absolutely, a huge imbalance in generations' economic expectations. The political economy is going to force an enormous shift in all of our expectations. I see something very unexpected about the resolution: I see the old giving way with less resistance than you might think. I see the young being favored across generations in this new New Deal.

What will the old give up?

HOWE: When push comes to shove, we are going to see that a lot of ground will give way under [federal] entitlements--this is where, obviously, all the money is and where all the growth has been. It's not just going to be a question of cutting but a question of restructuring.

So you see baby boomers accepting some of the changes?

HOWE: Boomers are much more open to the idea that health is not just about technology. Health is about wellness. Boomers will be much more willing to accept the fact that simply throwing more money into this scientific-medical-industrial complex called health care is not always the answer. Boomers [pursue] alternative therapies, psychological therapies, faith-based things, things that broaden in a much more holistic direction what we think of as health.

You have described boomers' moralism, their inclination to tell others what's right and wrong.

HOWE: Boomers just wanted to throw bricks through the window. The idea of believing in the system but wanting to reform it became [viewed as] a cop-out. That was like giving in to The Man. The growth behind culture-wars TV--Fox News and MSNBC--is through boomers, not young people. Millennials would rather die than watch that stuff.

How do the tea party and Occupy Wall Street movements fit in?

HOWE: The tea party [members are] older. They are libertarian, without question. [The movement] gets its fire and most of its support from boomers and first-wave [the oldest] Xers. Occupy Wall Street has more support from Generation X and particularly Millennials. Millennials, more than other generations, believe that inequality is a huge problem.

Will Millennials become skeptical of government over time?

HOWE: When they say they are pro-government, they don't mean that they like what Congress is doing. It means they think there are great things that could be done to bring America together as a community. A growing share of millennials live with their parents. This dovetails into some very positive resolution of the problem of older entitlements. Families will be much closer. That is going to be huge because it avoids some of the huge tax and fiscal drag of a third-party entitlement system supporting older people.





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10 comments

  • Elliot  •  2 months ago
    Don't count us Boomers out just yet!
  • LearnedHand  •  2 months ago
    I''m a Boomer and I always believed in working within the system to change it, not destroying it. I never threw bricks literally or figuratively. The brick throwers and draft card burners were a very small percentage of Boomers. I don't watch either Fox or MSNBC, but get most of my news from the internet. This guy is just another wannabe "expert" who thinks you can sum up 10s of million of people into one philosophy. It's not true. Also, the Millennials are lazy as cat **it and they are no threat to Boomers at all.
  • just a note  •  2 months ago
    What about those of us stuck between the boomers and the millinials we are screwed both ways.
  • Boomer  •  2 months ago
    I'm a boomer (an old hippie), who never did pursue materialism. I'm a semi-retired registered nurse, who eats low on the food chain, and live with my girlfriend in the Barstow St. commune. Everybody needs enough to get by, but after that, materialism really doesn't bring happiness.
  • Maria L  •  2 months ago
    One new fighter jet @ $238 million a copy? One such jet has already crashed during testing.
    Should we cut miltary spending,healthcare,medicaid first? How does the 1%rs vs 99%rs
    fit into( this articles) Boomers vs Millennials? Before we start a civil war over what Generation
    has the Best Deal we need to know who or what group Defines the Gap between 1% and
    99% ?--- Strickly, using straight out basic math, 1% thru 99% is every American Citizen.
  • Max K.  •  2 months ago
    Boomers by a mile, the punks feel they are owed something have no manners and
    boomers still know how to write and do math with a pencil or pen, one more thing
    the majority of us old-farts can still have a decent conversation without fill-in words.
    We also know how to survive the old-fashion way it's called work.
  • Julia Grey  •  2 months ago
    I'm really tired of this us vs them mentality. These are people talking about their own children or parents. If you don't like how the millennials turned out then why did you raise them that way? Parents take care of their kids and then someday the kids take care of their parents. I feel like the media and government want people to turn on each other to shift the attention and blame off the politicians who bungled things so badly.
    One article says the kids are entitled, with stories about expecting high wages and a life of luxury with no work. Meanwhile we've got giant student loans and no jobs to pay for it. The next article, and our professors are all saying that the boomers are going to use up all the social benefits because they didn't know how to save and blew all their own money, even though their college was 5 times cheaper than ours is, and their houses cost 5 times less than ours will, so there will be nothing left for us even once we get out from debt.
    All I know is right now everyone is suffering, I don't know any boomers who are bragging about buying boats with their retirement funds, and I don't know any millennials who are expecting a $40,000 salary and highrise out of college. The people I know, boomers and millennials are scrimping and stretching what little they have taking whatever part time minimum wage jobs they can get hoping it will last until these dark economic times are over. My parents let me live with them rent free until I found a job, it didn't pay enough for me to move out so I stayed with them. When my parents lost their jobs I helped supplement the mortgage, now that I'm out of work we all pool our unemployment benefits together and are trying to hang on. Their savings are gone, my savings are gone and i've still got $12,000 left on my student loans, and they've still got their mortgage, and somehow our property taxes went up yet again. I'm so sick of the media trying to pit us all against each other, its grade school rumors all over again, "Well I heard the millennials said this about you..." The worst part is that its WORKING! People are so desperate and angry and hopeless they will point their finger at anyone, even their own family. We need to pull together, not apart.
  • HAROLD R  •  2 months ago
    Boomers win. We can always out-vote the little rats. I don't care much for the Millennials as a group. Especially the Little Princesses who are unfortunately predominate in this group.
  • Chimi Changa  •  2 months ago
    That's why the self-involved millinniels are screwed ... because they DON'T watch Fox News. They only hear what Obama (via MSNBC, lame stream media, etc.) wants them to know ... that they deserve to have everything handed to them by those who bust their a**es working & that it's OK to sit in front of XBoxes forever.
  • Joe Upyours  •  2 months ago
    LIBERALS SUCK,upyoursMF!
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