Focusing on the Baby-boomers, just try telling them that inflation is non-existent. The popular Consumer Price Index continues to run about 1.6%. Stripping out energy and food, it is even less. In February, it was 2.7%.
The only sectors showing any inflation are the usual suspects, i.e., health care and rent.
So, if inflation is non-existent, why talk about it? Because that largely drives the decision to raise interest rates by the Fed. At the beginning of the year, Wall Street expected four rate increases this year. It got one and now expects only one more this year. Savers can expect little relief from the low rates. Savers lose if we do have inflation, because the purchasing power of their savings is reduced. And savers lose if we not have inflation, because their interest income is stagnant.
Sorry, Baby-boomers, but you cannot complain about inflation. Of course, you could complain about the low interest rate on your savings accounts.