There’s some truth to the inter-generational conflict. A lot of the boomers and early Gen X were granted limited access to the tools of the owner class (eg. “Reverse Mortgages” are really just a tiny version of the same equity financing the ultra-rich use to access their wealth without sacrificing control of their companies or paying taxes). They’ve socially conditioned and co-opted a lot of our elders into protecting their interests for them, however you are correct that it’s more of an attempt to obfuscate the real threat (the sociopathic rich bastards) and keep us fighting with each other rather than organizing against them.