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entered the work force and made a living for ourselves.

When I entered my tiny one room school, the classes above me each had about three children in each grade and my class was fifteen. When I reached high school, our school building could not accommodate us and I went to school in the town hall. When I went to university I attended classes in old army barracks as the new university building was being constructed. When I went to work my fellow baby boomers were continuing to generate and I could find work easily, but as the years moved on our numbers of new boomers declined and I faced extreme competition for work.
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So now in my fifties, my wiser cohorts then I, have been salting away their earnings. Vast sums of money, they have put it in simple, but effective savings programmes called mutual funds. The mutual funds now own 60% of the shares and investment capital in North America and that proportion is growing just as fast as schools and all the other things had to, to accommodate us.
The financial world is awash in baby boomer cash, money invested in small amounts, but collectively gathered together in utterly incomprehensible huge sums that floats around looking for ways of multiplying itself through investment. The high public spending that occurred in the decades before now, were necessary to provide for the massive growth that occurred with all of these maturing baby boomers and their children. Now the debts are being paid, and the investment capital is as overly abundant, as the rate of population growth.