I think people apply generalizations to every generation.
I would have thought that young man had a terrible situation if I had met him at age 25, and I can say with total certainty that my kids (26 and 28) would not think he is cool now.
Wanting a certain level of comfort in life is not a bad thing, no matter what kind of background you have. Why should I feel bad for having comforts that I have worked for?
I grew up very "privileged." Then my dad lost his job and there were night we didn't have enough food. Family helped and I left to go to college; I appreciate everything I have, and if people don't like it, well, too bad. I chose 2 careers where I have been in a helping role. This is my way of giving back. If you don't like where I live, my car, or the $ I spend on bikes, well, deal with it.