The generations after the Boomers do not care one whit for the market and investing, even for Gen X all of that has been placed out of reach and they see no benefit to the market personally for wealth generation.
This is supported by the fact that 80%+ of all stocks and bonds are held by 10% of the population. The truly “rich” have created this by destroying the middle class. Now there is little middle class left to care about things like investments and most are even happy to see the “rich” get soaked this way, as it literally has little impact on them being the “poor” working class.
I am a boomer (born in last year or 2 of the Gen).
But Boomers perhaps squandered more national wealth than any country in history..not forced. Our Gen rush to buy cheap communist goods and sell out our jobs in the process is something I still don’t understand.
Although to be honest I suppose many of the politicians and powerful in the 90s were of the Greatest Gen . Grok said only 3 of the top richest men in the USA in 1993 were Baby Boomers.
One could argue that’s who started the mess.