A generation of Americans which lived off the good fortunes inherited from the hard-work and success of their parent's generation, but squandered these good fortunes, thus, leaving their own children's generation nothing. (i.e. the baby boomer generation)
Young Person #1: "I heard that instead of fixing social security for all Americans, the baby boomers are going to vote to cut Social Security benefits for just the younger American's, so they can receive full benefits for themselves in their retirement years."
Young Person #2: "Yep!. Sounds like the Jackpot Generation is up to their old tricks--squander a social program for their benefit, thus leaving nothing for the future generations of Americans."