The “Lost Generation” is a term coined by author and poet Gertrude Stein to characterize a general motif of disillusionment of American literary notables who lived in Paris and Europe after the First World War, especially after military service in the war, specifically between the dates of 1880 and 1900. Figures identified with the “Lost Generation” included authors and artists such as Ernest Hemingway, F. Scott Fitzgerald, Ezra Pound, Sherwood Anderson, Waldo Peirce, John Dos Passos, John Steinbeck, and Cole Porter.
The term has latterly been used as a generic shorthand for groups of young people disproportionately affected by economic shocks, often involving lengthy periods of unemployment, such as those affected by the Global financial crisis of 2008–2009. This is partly based on evidence that it can be difficult for those affected to get back into employment when economic activity picks up.