My generation's profligacy has been well chronicled. We didn't invest enough; we didn't save enough; and we wanted to retire too early, preferably on someone else's dime.

But let me just add, we get it now, OK? We should have done better, but we didn't. We put too much faith in stocks and bonds and got our collective heads handed to us. We are sorry about all this, for heaven's sakes, so can you just give us a hug and then shut up?

But nooooo. A recent article in Barron's penned by a surly chap named Bob Adams of New Global Initiatives posits that we were – I paraphrase here – idiots for believing we could retire and live another 30 years off of others.

(Read the entire article.)