This will seem simplistic and controversial but it’s time we faced up to a demographic reality, for our aging population an unavoidable psychological state has become overwhelmingly prevalent, the cup is now half-empty. Journalistic commentary via the major financial media sources can be split into two camps the fear camp, predominantly those representing the baby-boomer generation, and the optimists, being the Gen X, Y and now Z’s. As one commentary we crossed recently put it, it’s created a financial situation where those in the baby-boom generation (the holders of majority of major assets) are developing a concentrically smaller mindset in terms of wealth whilst those in the younger generations simply do not have the financial clout to overcome a disproportionate distribution of assets. In simple terms there are those that can’t afford to sell and those that can’t afford to buy. An economic impasse is the consequence. Can the reality of this demographic psychology be ignored? Of course there are exceptions to the journalistic encampment rule (Ross Gittins of the SMH we are looking at you). However, true innovative thinking, be it financial or social, won’t flourish when oppressed by ageing conservatism. There is no place for global economic naivety, in going on five years Europe has failed to adequately address it’s problems, America’s recovery remains tentative and China’s growth has necessarily slowed. But our own growth and resilience as an economy is being hampered from within. Is it time the older generation reassessed their stance and question their legacy? Is this necessarily a new phenomenon or magnified by our populations weighting? Should we be surprised that the middle-class is predicted to continue to decline? Of course time will tell.