I agree its a term that definitely let’s people know what you’re talking about without having to explain it. It’s a common experience and the term fits well in describing it.

I understand the sensitivity of young adults in disliking the term though. My generation had “fail-ennial”. Both are placing blame on the generation so the elder generation doesn’t have deal with the worsening material conditions the new generation faces. “Millennials just don’t want to work hard”. “Gen Z is socially isolated”.

It’s simple explanations that direct blame onto the individuals of a generation so we don’t have to address the material reasons that make it so common.