Exactly.  Due to this demographic, the housing bubble will burst, consumption will tank, there will be worker shortages everywhere, tax revenues will fall while health care costs will soar, and many government programs will be on the brink of failure.  They aren't bad people, they are just taking advantage of government programs and policies - all at the same time - and due to their size and voting bloc governments will continue to appease.

The single best thing that governments can do to soften this blow is to dramatically reduce the primary residence capital gains exemption, urging them to take money off the table in their real estate so they can spend it, invest it, give it to their kids, and free up space in the labor market for younger generations.  

I dont mean to punish them - it's hardly punishment for me to want a boomer to cash out and retire with well over a million bucks in the bank along with their indexed pensions. Go live large boomers.