Life for those in the 25-35 demographic is extremely shitty when compared to the four generations that came before. Millenials entered into an economy where Boomers had accumulated the majority of all assets at bargain basement prices, and have been working non-stop to inflate those prices. Boomers have consistently enacted policies which have caused the price of their assets to skyrocket, locking out younger generations from the same opportunities Boomers had. With the market cornered and controlled, Boomers collect massively overinflated rent from Millennials that massively subsidizes their unsustainable lifestyles.

Millennials as a whole have effectively become an indentured servant class that exist primarily to subsidize rent seeking Boomers who continue to take far more share than any generation in history.

Even for the healthiest sectors of the economy, like tech, it turns out that a huge amount of the wealth being generated by the tech industry is just being captured by Boomer land lords sitting on their asses doing nothing productive. I've heard estimates that around 40% of the money put into the tech industry just passes through to land lords. A sickening amount to go to a group whose main quality is that they were just born in the right place at the right time.

Life is cut throat for Millenials. The margin for error is narrow than its been in almost 100 years, and that is extremely stressful. The unprecedented levels of drug abuse among Millenials is testament to just how high stress levels are on average for Millenials. Many choose to self medicate, and it doesn't end well for them.

Millenials have it really bad, and there's good reason for the feelings of "despair" and "hopelessness".