Kinda. It's more like each generation was raised with its own horrific cultural disease that OWS is aggravating.
The Baby Boomers grew up with the idea that any sort of conflict involving the U.S. would inevitably end with the destruction of the entire world, and the only way to stop that from happening is to ensure nobody ever dares, ever, to try and attack the American institution.
Generation X grew up with the idea that all problems can only be solved with a massive application of money, and that any system that doesn't allow for huge collections of money in one place can never solve any social injustice, ever.
Generation Y grew up with the idea that it's okay to demand that things you don't like to hear be filtered out and silenced, that groups can only be formed and maintained through mutual agreement on topics, and that people who disagree with you are enemies to be defeated.
OWS is challenging the American institution, demanding that the massive hoarding of capital in one place stops, and doing so with a unified voice of dissent. The three active generations of this country regard them successively as dangerous, stupid, and evil. We've got a lot of work cut out for us.