Every single time I hear millennial I think avocado toast. And every time I hear boomer I think of strong perfume.
The words meaning sure hadn't changed, but I imagine the longer its mainstream the more it will morph. Soon we won't be allowed to say it at all, lest we offend somebody with the slur.
It's a generational thing. Just like Gen-Z hates the boomers for exploiting real estate the children of Gen-Z will complain their UBI pays too little because millennials exploited massive tech salaries to automate away burger flipping joints and software development