Joking aside, I haven't seen outward bitterness regarding their poor lot from the current young generation so much as doubling-down on the rat race in an attempt to still top their parents somehow. It's pretty bad for their mental health, and not very effective so far, but may pay off in the long run.
Then Wall Street got corrupt. They demanded ever more from companies. Each quarter had to show more profit from the last otherwise they punished the company. Wall Street found ways of funneling any profits directly to investors instead of investing in the company (and, more importantly, it's employees). Pensions took a hit. Companies stopped offering them. Some companies 'borrowed' from pensions and lost it all. The employees did suffer. Employee loyalty dropped. Companies took that as an opportunity to treat employees as temporary; replacing them regularly with cheaper ones.
You'll have to wait until tomorrow night to hear the rest of the story. G'Night.
We receive a state pension at retirement that is dependent on national insurance contributions over the course of your working life.
You can also contribute to (and have recently probably been automatically opted into) private workplace pensions that your employer will probably match (up to a point).
You just forgot to mention how pensions funds invest heavily in 'evil' Wall Street
And how Wall Street has not been invented in the last couple of years.
And how people happily wound a rope on their necks for a bigger house.
I could be wrong, but the ridiculous income inequality overlaid with generational power broking for the past 20-30 years could really set off another "great awakening" type of social upheaval. 70 million Baby Boomers. 70 million Millenials. 30 million Gen-X in the middle to take sides.