"Old people = asset holders (aka holders of financial obligations, bonds and stocks) Young people = usually in debt (student, auto, credit card, mortgage) and

"Old people = asset holders (aka holders of financial obligations, bonds and stocks) Young people = usually in debt (student, auto, credit card, mortgage) and hoping to earn their way out with income." Rich young people are being financially supported by their rich parents. Poor young people aren't as their parents aren't 'asset holders' either. The whole 'generational conflict' is a ruse, like so many of the divisive narratives being propped up, especially in the US but also in many other places, to further divide and distract. The 'trickle down' economic fairy tale is one propagated by both parties, ever since the Regan years imho.