In actuality I think this one is just the revision of the yuppie (young urban professional) of my generation (Gen X), except that a lot of hipsters don’t work in traditional professional jobs because they’re fashionably anti-capitalist. If they work, they’re freelancers. Many are wealthy enough to avoid working anyway — solidly middle/upper-class background with generous parents; a lot of accumulated generational wealth (I knew one who’d had a condo deeded to her as a college graduation gift); a trust fund; whatever, though it’s unfashionable to talk about their wealth so they often plead poverty and move into the poorest neighborhoods to be cool (which usually triggers a wave of gentrification in their wake). Also includes, in New York at least, a lot of trust fund kids from overseas, due to the strength of the Euro, and many of them have been stepping in the deepest piles of racism because they don’t really get the nuances here. (Doesn’t stop them from trying, though.)
But basically, the current hipsters are the liberal twentysomethings of this generation, who are usually ham-handed in their liberalism (they’re anti-capitalist and anti-establishment, yet they don’t understand gentrification or their role in it; those who do understand don’t care), and who are constantly in search of new frontiers of whatever — drugs, real estate, sex, fashion. Otherwise they’re just as superficial and self-absorbed as any other twentysomethings. Usually white, as the yuppies were; I haven’t yet heard any PoC derivatives of yuppie, like buppie. They’re usually careful to include a token BBF or PoC in their circle of friends, though, so that they don’t appear racist. If PoC are lacking, they’ll take gay people.
They are best known for being super exclusive and elitist and looking down on those who follow the trends dictated by the mainstream.
They also seem to miss the entire irony of how they buy thrift store" clothing from department stores. Just feeding into the "mainstream" culture of consumerism that they claim to be countering.
But getting to the heart of hipster culture, it should be understood that true hipsters care a lot but they don't care. I.E. it’s all about the image. They spend obscene amounts of time calculating their outfits, the bands they like, and the hobbies that they're into. However, they have to pretend that all of it bores them, and that it comes naturally... because only the coolest hipsters don't try, yet still manage to be subversive and hip.
They also tend to be seen in obscure Indie concerts, in their own bands, being DJ's, owning or working at "subversive" yet lucrative businesses like t-shirt printing shops, chain smoking, shopping at Urban Outfitters or H and M, attending liberal arts colleges, or playing competitive dodge ball (because it’s so lame its cool)
if its "cool" its lame, and if its dorky its amazing!
Therefore the hipest things ever have to be Mullets, Knee socks, and Barney the Dinosaur!