About thirty years ago, it occurred to me that the baby boomer's retirement savings would be the biggest pot of money that the world has ever seen. It would consist primarily of (a) savings and investment (b) home ownership and (c) social security: the "tripod" system (that we used for nuclear deterrence as well, with bombers, submarines, and ICBMs.)
Using this simplistic model, I predicted for myself that there would be bubbles in investments as demand for retirement investments grew bigger and bigger. I was right. I didn't forsee bubbles in housing: I'm not that economically astute. And we've all witnessed decades of conservative and libertarian attempts to plunder Social Security by reducing obligations or abolishing it.
The problem with a pot of money is that everybody else wants to take money out of it. This has been very successfully done with investments as 401K's became 201K's with stock market bubbles. Even with a conservative portfolio of money market funds and index funds, I have lost money over the past decade, and I am not unusual. The boomer's retirements are being systematically pilfered in the investment system; they are averaging below market growth, negative growth when inflation is taken into account. Likewise, the recent housing bubble has taken a huge hunk of boomer retirement assets.
Where is the anger? This is the greatest opportunity for rebuilding a liberal movement in opposition to conservatism that we've had in decades. Unlike tea party themes, this one is valid.
In addition, we're shorting the intergenerational compact by shorting funding for the needs and development of children. We are horribly and predictably underfunding investment in education by reducing public funding of higher education and public education. No other developed nations are so shortsighted. The beneficiaries of these awful policies are not other generations: this is class warfare by the super rich who have been promoting these policies for decades.