From Wikipedia -
Generation X is generally marked by its lack of optimism for the future, nihilism, cynicism, skepticism, alienation and mistrust in traditional values and institutions. During the early 1990s, the media portrayed Generation X as a group of flannel-wearing, alienated, overeducated, underachieving slackers with body piercings, who drank franchise-store coffee and had to work at McJobs, concepts that had some truth to them but were in many cases stereotypes.
Gen-X thinking has significant overtones of cynicism against things held dear to the previous generation, mainly the Baby Boomers.
Sound familiar?
Every generation seems to get labeled as lazy, dumb, etc. by the previous. I don't understand those who say they are ashamed of their generation; don't let a few unsavory characters ruin your perspective of the group as a whole. For better or worse, things are changing and people hate change.