Almost everyone I know including some of my family are members of the loser generation.
A loser is someone who believes in and has oriented his life around an idea or ideology that has failed. An idea or ideology that is flat out wrong. Such an idea or ideology was that the earth was flat, that the universe circled the earth, that scurvy could not be cured with limes, that large quantities of vitamin C can prevent cancer etc.
Today's loser is the person who doesn't realize the lesson of the 20th century.
Half of the world's population and half the world's populated area has rejected the idea and ideology that government planning can generate prosperity and avoid starvation.
Russia, India and China have all suffered from starvation and poverty while following a government policy of income equality and anti-capitalist central planning.
These populations have come to realize that supporting commerce and helping commerce to thrive is the only way to have food abundance and a life of freedom and opportunity. Commerce is the only means to a society where individuals get to fulfill their unique destinies.
That is the lesson that has not sunk in to the Left wing and Democratic Party of the United States. The Left and the Democrats are still pro-income equality and anti-capitalist. They are in the last century supporting equality of income over commerce. Despite overwhelming evidence they still wish to replace an open market in healthcare with a government mandated system. The Left is still willing to sacrifice markets, trade and commerce for illusions of harmful CO2.
Losers are all around us. Sadly.