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The outlines of this perceived conflict are captured in the writings of economic journalists like Robert Samuelson, a 68-year-old syndicated columnist who gazed into the future and delivered this roundhouse punch to his own generation: "Older Americans do not intend to ruin America, but as a group, that's what they're about," he wrote. "The essential budget question is how much we allow federal spending on the elderly to crowd out other national priorities."
Taylor and his Pew colleagues conducted opinion surveys and pored over decades of demographic data. Yes, there is a palpable anxiety about the lingering recession and long-term problems associated with entitlements, plus the runaway national debt. Yet Taylor notes this angst transcends age barriers. He found no signs of an intergenerational bloodbath brewing. It's all media smoke and no fire.
Taylor's conclusions jibe with the anecdotal experience of Elfego Gomez, an organizational training consultant in Colorado Springs. It has become fashionable, he says, for business consultants to cater to the supposed challenge of integrating multiple generations in the workplace. "I think it's b.s.," he says.
Occasionally a client will insist that Gomez conduct a workshop devoted to generation gaps. He starts by asking participants a range of questions. Are you comfortable calling superiors by their first names? Do you prefer chunky or smooth peanut butter? "I'm trying to get people to see if age really is the defining thing, or are we just different people," says Gomez, a 56-year-old boomer. "We have more similarities than differences. And that's not determined solely by generation."
Myron Atkinson, the 86-year-old founder of North Dakota Guaranty and Title Co., in Bismarck, has seven children, 17 grandchildren and five great-grandchildren. While he has not retired, his 59-year-old son Tim is chairman of the company now. If there is a generation war raging in this country, "within our family we're totally unaware of it," he says.
Boomers punched through social and gender barriers, softening the divide between succeeding generations. Tim Atkinson snowboards and hikes with his children and grandchildren. "I pal around with them in a completely different way than I did with my parents and grandparents," he says. "I kind of meet them in the middle and they meet me in the middle."
Elfego Gomez's daughter, Dominique, age 28, works for a software company in San Francisco. "Part of my relationship with my parents is different than what they had with their parents," she says. "I'm still their child, but they treat me as an equal." Gomez earned a dual graduate degree from Harvard and Stanford universities. She's self-sufficient, but many of her graduate school friends moved home. She says her generation is fundamentally pragmatic, not pugnacious: "There's not much rebelliousness."
Thirty-five-year-old Josh Kostic of Gulf Breeze, Fla., has doubts about the viability of the Social Security system, "but I don't look at it as 'blame the older generation.' " Kostic's grandmother, Hilma Jones, lives a few miles away. He visits often to help around the house. He's glad that she is able to collect Social Security: "She's one of those people who have worked so hard her whole life."
One reason a generational war can't gain traction is that it is hard to bite the hand that feeds you, or cares for your kids. Nearly a quarter of preschoolers are cared for by a grandparent in the U.S., and 1 in 10 lives in a household headed by a grandparent. The number of people living in a multigenerational household has doubled since 1970, to 54 million, according to Census data. And the wealth of one generation eventually benefits the next. Boomers have already inherited $2.4 trillion from their parents. Boomers themselves will eventually pass along a staggering $30 trillion to their children and grandchildren.
David Perry of Arlington, Va., is a 22-year-old who works as a fitness instructor while attending community college. Like most of his friends, Perry lives at home. His divorced mother, a schoolteacher, lets him stay rent-free. He gets health coverage under his father's policy. "My friends and I never really rebelled against people as [other generations] have," says Perry. They're focused on finding their way in a less-accommodating world, but not brooding about where the fault lies. "I'm thinking about trying to get a better job and better myself. I never thought about my mom taking my retirement and medical care away from me as I get older."
Alex Ivey, 24, lives in Washington, D.C. He majored in political science at Columbia University. He moved back with his parents in suburban Maryland after graduation, as he settled into a new job. After just three months, he moved out, something many of his postcollege-age friends have not yet managed. He believes his generation exhibits a frugality and civic-mindedness that harkens to World War II's Greatest Generation. His maternal grandfather belonged to that cohort and lived with Ivey's parents for 5-1/2 years prior to his death. "It was an incredible learning experience," he says. "Ninety-three years of life. How can you not glean some lessons from that?"
Their combined household is a perfect metaphor for generations learning to adjust to 21st-century realities. Author Paul Taylor is himself living the Next America life. One of his three children lived at home until his early 30s. Taylor's wife babysits one of their grandkids two days a week and keeps a watchful eye on her elderly parents. Such is the new math of modern living. It's not necessarily the fault of boomers or political gridlock or globalization.
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To provide electricity to unelectrified communities and meet the expected increase in demand of communities that already have access to electricity, at least 900 gigawatts of new electricity generation capacity will have to be installed over the next 30 years, a tenfold increase relative to current installed capacity across Africa5,6. However, lack of access to modern energy services is concentrated in rural areas, where 80% of the energy-poor live7. Therefore, investments will have to be provided through development aid8 and independent power producers5, who are mostly privately capitalized, because the credit ratings of national governments and public utilities in these regions are inadequate for raising the amounts of capital required to finance universal electrification. Such investments can only materialise if the following conditions are met5,8,9: credible power sector planning is introduced; financial risks are reduced, through the involvement of development-finance institutions and other risk-mitigation measures; and regulatory frameworks are reformed, to make them more conducive to attracting the required investments. 2b1af7f3a8