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Millennials are the largest generation in the workforce, they were born to the boomers the largest previous generation before everything went to piss and birth rates dropped. Millennials are the next boomers, they won’t be culturally irrelevant for a long time. Sad too, as popular culture has basically broken down to just remakes and reboots of properties from our childhood
Even worse, there isn't a next generation near the size of millennials. Part of the reason that millennials took over while Gen X didn't was because of the size of the relative generations.
You're also running into the issue that culture has become a lot more fragmented due to the Internet. You can present a millennial culture where most people may be aware of other subcultures even if they weren't a part of them. I don't know if that is going to happen for Gen Z or Alpha.