This surely is a problem in many western societies and in Germany politicians are currently eager to give such “gifts” to the older generation e.g. in the form

This surely is a problem in many western societies and in Germany politicians are currently eager to give such “gifts” to the older generation e.g. in the form of more retirement money. However it’s clear that the whole retirement system will collapse in 20-30 years if we don’t find some radical new approach of financing it, as currently it’s not capital based but financed by the active workforce (actually there is a small capital based supplementary system but it will not suffice to compensate for the changing demographics). When the ratio between old and young people will flip in 20-30 years there won’t be enough active workers to pay for the retired people. Right now the government desperately tries to fix this, recently they e.g. discussed ways to force freelancers and entrepreneurs - which currently don’t pay into the public retirement system - to pay into it as well (which is only a temporary fix at best). Another strategy is fostering massive immigration from both Europe and elsewhere (e.g. we recently took in almost one million people from Syria), which caused a significant uptick of the popularity of right-wing parties though and is also no guarantee for a stable system as many of the immigrants are hard to integrate into the labor market. Difficult times ahead it seems.