Final answer:
Generational theft is the concept that future generations will bear the burden of excess debt accumulated by past generations, particularly in relation to programs like Social Security and Medicare.
Step-by-step explanation:
The concept of generational theft refers to the idea that future generations will pay for the excess debt accumulated by past generations. This is particularly relevant in relation to programs like Social Security and Medicare, which rely on the contributions of current workers to fund benefits for retirees. As the baby boomer generation reaches retirement age and begins to collect these benefits, there will be fewer workers paying into the system, potentially leading to financial instability.