I won't respond in too verbose a manner beyond pointing out that your generation certainly did have the throw of the dice as far as New Labour goes - the usual pattern is that people start off idealistic and vote Labour then lean towards Tory as they age and accumulate wealth, the Boomers as by far the largest block of votes had the power. You noted New Labour being wealth friendly.
I refer back to my previous answers with regards to inheritances. These are fine, apart from that they are a disaster for social mobility. Those born into relative wealth get a nice fat inheritance, those not born into it, robbed of the opportunity to accumulate it for themselves, don't have it to look forward to.
Regarding this earnings boom, I'm struggling to find it?
http://www.statistics.gov.uk/hub/lab...-work/earnings
The only real things I can see are a transfer of wealth from one group to lower earners via tax credits and an entirely disproportionate increase in public sector compensation.
One big cause of the housing boom is obviously Gordon's pensions grab pushing a lot of wealth into the housing market via buy to let and supply not keeping up. Rather than prices dropping as they became less affordable fiscal policy was geared towards supply of cheap credit to give the impression of affordability.
As noted I have little interest in stereotypes I'm only discussing the demographics as a whole, to stereotype is silly especially by me given I'm hardly the stereotypical 30-something in most ways.