I am a boomer. Born before the end of the (quasi) gold standard. When it made sense to save. Over the lifetime of Boomers we have seen the logic of the monetary and financial system change- subtly but radically. When at school we Boomers were told to save- it made sense then, and most did. But when the gold standard was removed and later when the neoliberals took control and deregulated banking everything changed. It no longer made sense to save- instead you were much better off the more debt you got and put into real estate or other income earning and inflation resistant assets. Since the gold standard was removed the era of debt has developed. The young are mired in debt- often for education or consumption. And not all Boomers saw the change and invested in real estate or stocks- some stuck with the savings model and saw their savings decimated. Todays Liberatarians rant much the same garbage as the neoliberals- markets fix everything- government is bad blah blah blah. The supreme irony is Libertarians championing Bitcoin when Bitcoin has already been captured and controlled by the bankers who gained control under their neoliberal predecessors. The fastest growing economy today is China- a mixed economy where the government regulates capital and mostly prevents market capture by rentseeking parasitic corporate bankers- instead in USA the rentseeking parasites are now fully in control of the government. Young Chinese can reasonably look forward to a future that is brighter and more prosperous than their parents because this is the trend in China for the last 40 years and because the mixed economy of China is more effective and productive and competitive than USAs crony capitalism.