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Exchange Exemplar: Did The Boomers Steal Prosperity From Younger Generations?

By Joseph Sternberg
By Joseph Sternberg

Apparently the first documented use of the term "OK boomer" was in 2009, during The Great Recession. The source of the put-down, and Millennials' hard feelings toward the baby boomer generation, may be a reaction to how the government's financial recovery was constructed.

That's what Wall Street Journal columnist Joseph Sternberg says. He claims the boomers in charge made sure they were made whole, at the expense of younger generations.

He lays out the full case in the book The Theft of a Decade: How the Baby Boomers Stole the Millennials' Economic Future.

Listen as the author replays some of the greatest hits of the recession and the aftermath.

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The Jefferson Exchange is Jefferson Public Radio's daily news program focused on issues, people and events across Southern Oregon and Northern California. Angela Decker is the program's senior producer, Charlie Zimmermann is the assistant producer, and Geoffrey Riley hosts the show.