I wouldn't say the younger generation doesn't have baggage.
As a young man I had a lot of fears I don't have now. I
think the biggest advantage to being young is taking on
risk, besides the obviousness of physical strength, stamina, truly original thought(which seems to evaporate in the end
of your twenties?). So yes, as young man I took on risk;
some out of naviete, some out dump luck, some because I
truly thought it was a good idea. As a poor youth, I realized I couldn't screw up too much/or be too risky. My friends who
had wealthy parents could afford to take on a lot more risk
than me, or my poor friends. There lies the rub--most wealthy kids have so many more opportunities than poor, or
middle class kids. I just can't leave the unseen advantage
wealth brings to a string of people and their spawn. In the
county I grew up in I can count on two hands the kids who
went on to be millionaires. They were all from wealthy families. So yes, the young do supplant the "older one", but they usually had a lot of help. An example is our current Luitentant Governer(you can guess which state). I saw his family pick up one
failure after another, and he just might be president of the
United States one day?