Personally, my two millennial sons are solid citizens, and don’t fit the millennial stereotype, but I quite agree that my generation did too much navel gazing and WAY too many participation ribbons. Failure is necessary to build perseverance, I believe, and we protected them from it. A bad move on our part.
My older son has his own architectural firm (he’s not an architect, but he employs them) and is doing very well and growing. My younger has a flair for the retail business, and was the GM of a big-box retail store by his 30th birthday. I am happy to say that there is no shortage of work ethic on either of their parts.
Plus, it’s always good to remember that a stereotype is just that. It may fit 70–80% of a group, but that means there are quite a few who don’t; so there are plenty of people who will be competent to maintain the institutions we created.
Amusingly, I work closely with four salespeople, all millennials, on a day to day bases. So, all four are earning well into the six figure zone in their mid to late 20’s. They all work their asses off. They all have the same complaints about their age group as the boomers have about them :-). They have no shortage of stories. :-)