Dude you are talking about a rich minority of people in western countries, the majority of them worldwide are fucked.
Correct. I am saying this as a US centered person. The current monetary badge and global standard with the largest economy in the world, and one of the most populous countries. But it also applies to many other countries of course.
Also, baby boomers are a western thing, lol. It's a by product of WW2. There was no baby boomers in China for instance. Or Peru, or wherever.