Off topic, but say someone is a late-20s/early-30s guy who for financial reasons wasn't able to do the "backpacking Europe/Australia/NZ/whatever" thing, how does the experience significantly change throughout the 30s/40s? I know a few people who still do this.
"maybe even poor people should have some fun and the push to save is part of a massive collective delusion to pretend we're not mortal."
This ties into something I've thought for a while and while reading the article. Basically "premium mediocre" is just another variant of materialism. That somehow material goods (of a sufficiently high caliber) are an intrinsic good, and that obtaining/consuming them brings about some intrinsic benefit to one's life, just a variant shaped to the particular existential angst of millennials. But there's an out: maybe the most lasting and significant experiences of one's life are one's that take place/are primarily a function of one's mind. From the outside it may seem much less substantial or obvious, but why can't millennials consider spiritual progress, mental self-discipline, grand experience, or cultural exploration (say bumming around Europe for a while) to be a primary aspiration, even if it leaves them relatively broke at the end of the day? To an extend they do, and I'm not sure that's such a terrible thing.