"Inter-generational tension is not just because boomers have got rich from QE driving asset prices higher, especially housing," Albert Edwards wrote on LinkedIn.

"Inter-generational tension is not just because boomers have got rich from QE driving asset prices higher, especially housing," Albert Edwards wrote on LinkedIn.

While the French are enjoying higher wages in retirement than the country’s workers, nearly a fifth of American retirees are “struggling” or “living the nightmare.”