I thought this Seattle Times editorial summarized it all up pretty well. And I recall a quote from Fight Club (a 1999 movie) that was sort of a precursor to this decade:
God damn it, an entire generation pumping gas, waiting tables — slaves with white collars. Advertising has us chasing cars and clothes, working jobs we hate so we can buy shit we don't need. We're the middle children of history, man. No purpose or place. We have no Great War. No Great Depression. Our great war is a spiritual war. Our great depression is our lives. We've all been raised on television to believe that one day we'd all be millionaires, and movie gods, and rock stars, but we won't. We're slowly learning that fact. And we're very, very pissed off.Well, we got our war and sort-of depression alright, but I'm not sure how it's all going to end up in the end. Maybe we'll turn out alright, and even if we don't, it's more enjoyable to live in the decline of an empire than the rise of one. Just like Caligula.
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