"we saw our beloved parents struggle in old age with health and finance", This would vary from country to country but absolutely isn't the case in the UK. Most millennial's parents didn't have their income crippled by rent (with little chance of buying) and student loans (tuition fees only came in in the late 90s), and lived most their lives with a public health service that wasn't being aggressively gutted. If anything it'd be a resentment over how easy their parents had it.
It's possibly a direct reaction to the global response to the banking crisis in 2008. We were told all these bailouts and austerity and artificially low interest rates were the way to solve things and while stock markets bounced back it never felt like a genuine recovery. The stock markets and bitcoin booming during the pandemic would've added fuel to the fire too.
There'd be something somewhat comforting to see it all fall apart in a way that's undeniable and couldn't be patched over. Not a very rational response but it's understandable after the last 15 years (and the entirety of most their adult lives)
It's possibly a direct reaction to the global response to the banking crisis in 2008. We were told all these bailouts and austerity and artificially low interest rates were the way to solve things and while stock markets bounced back it never felt like a genuine recovery. The stock markets and bitcoin booming during the pandemic would've added fuel to the fire too. There'd be something somewhat comforting to see it all fall apart in a way that's undeniable and couldn't be patched over. Not a very rational response but it's understandable after the last 15 years (and the entirety of most their adult lives)