With all due respect - this stability comes from age, not generation. I have a stable life now. As someone born in the late 70's, I have a house, a stable job, and a 401k.
But I didn't have these things at 20 - I was fighting to keep my head above water from month to month after coming off being homeless and jobless. I didn't have it at 25, I had been fired and was couch surfing in CA. I was just starting to get stability at 30 - I had enough experience to get a steady job and enough money to start saving, even after paying bills and debt. It took the next decade to get to where I am today.
Age has re-inforced to me that TANSTAAFL is more than a programming idiom. I've put a lot of directed effort and energy into getting a stable life. Like my parents before me and their parents before them.
EDIT: I'd also like to note that my job security is virtually identical to the rest of my colleagues, a number of whom are in their early 20's. My only advantage over them for stability are the skills I'm honing to keep myself useful to this (and other) companies.