In recent years a smaller share of young adults has been employed than at any time since the Bureau of Labor Statistics started tracking such trends in 1948. So it's not surprising that this generation of youthful protesters has a different focus for their grievances: the economy, stupid. But notice the targets they've chosen to demonize. It's all about class, not age. It's 1% versus 99%, not young versus old. Occupy Wall Street, not Occupy Leisure World.

America isn't breaking apart at the seams. The American dream isn't dying. Our new racial and ethnic complexion hasn't triggered massive outbreaks of intolerance. Our generations aren't at each other's throats. They're living more interdependently than at any time in recent memory, because that turns out to be a good coping strategy in hard times. Our nation faces huge challenges, no doubt. So do the rest of the world's aging economic powers. If you had to pick a nation with the right stuff to ride out the coming demographic storm, you'd be crazy not to choose America, warts and all.