The precise nature of the social contract varies from country to country, so the details aren't always precisely the same, but in general terms in Europe and the US, policies are screwing the young in favor of the old. In some places I think this is less calculated by politicians - just side effect - and in some places it's completely calculated, but either way The Kids Today are being screwed in a variety of ways.
The demographic time bomb isn't what most people write about. It's that 20 years from now, nobody who is 45ish will have any money.
