Generation Y : A Whole New Reality

Baby Boomers (people over the age of 30) have begun to grow out of their “baby” status as many of them begin to grow older and some even begin to retire. As these Baby Boomers begin to step down from their positions, they leave a hole that Generation Y (people under the age of 30) is next in line to fill. As the years continue to pass, Generation Y will continue to assume more and more responsibilities until the day comes in which Generation Y is called upon to lead the world. However, many Baby Boomers are concerned that Generation Y just may be the dumbest generation ever. Should the fate of the world really be entrusted to this youthful, tech-savvy generation? Despite Baby Boomer fears, Generation Y just may be the smartest generation to date and it’s all thanks to technology.

A core tenet of the American dream is home ownership. At the turn of the century, young adults were buying homes. However, since the bursting of the housing bubble and the resulting mortgage banking crash, the rate of younger Americans purchasing a home has fallen sharply. Many millenials – those born between 1981 and 1997 – want to own a home, but doing so is financially beyond their reach. Half of recent college graduates have no full-time job (Kadlec, 2014), and those that do may be described as underemployed. The increasing diversity of that demographic is positively correlated with the downward trend in personal economic health (Drew, 2015; Myers & Simmons, 2017). The worsening financial strain leads young adults to postpone marriage and family, which also reduces the need for them to own a home. In fairness, the problem faced by millenials is only a microcosm of that faced by the populace as a whole. Home ownership for the population as a whole is the lowest it has been in over 20 years (Fry & Brown, 2016).

Nearly 3.7 million American babies born in 1982 were the first members of the new Generation Y, or more affectionately known as millenials (Thompson, par. 1). Many things play into whether a generation is considered to be faring ‘better’ than another one; job opportunities, the state of the environment, whether the U.S. is at peace or at war, income vs. living expenses, the general happiness of the people, and the list goes on. Millenials are part of a special generation because

Millennials have been changing the “norm” of the American Dream for years now and they will continue to challenge the expectations put on them by the previous generations. Millennials are moving out later, getting married later, having children later, and buying homes later. It could be for any number of reasons like new career options for women, how hard it is to get well-paying jobs regardless of going to college or not, or how expensive taxes and homes have gotten over the years. Millennials have many reservations about owning a home probably because of the large financial responsibility it comes with and the lack of money available for them. In this essay the questions that will be talked about are the pros and cons of owning a home,

The Millennials, who constitute Gen Y, have been exposed to technology like no other generation. Being the generation that grew conterminously with the explosion of technology-driven products and gadgets such as tablets, mobile phones and the like, the Millennials have entered the workforce carrying information overload already with them.

In the television show Saved by the Bell, the character Zach Morris a high school student failed to have enough credits to graduate high school. Zach demonstrated his determination to make up a class in order to graduate on time with his class. A failed experience motivates millennials to keep trying until the goal is accomplished. We use our past experiences as an encouragement to succeed in education. Higher education opens the door to better job opportunities for generation Y. Having a similar experience in high school includes me of this generation. Once informed regarding low grades it motivated Zack to put more work and effort because a passing grade is required in order to graduate. Schools educate the millennials to enter the workforce. Generation Y is special because they are the largest group of people schooled in history, have the nature to own a business and be their own boss, and work for a meaningful cause, not just money.

Although the baby boomers were born into the Industrial age when to be successful you had to be a lawyer, engineer or doctor. However generation y kids are in the information age where technological advancements are prominent and to be successful you’re either an actor, athlete or I.T related. Generaration Y is seen to be very ambitious where by most

According to Kapoor et al. (2011) one of the most notable features of Generation Y is their prospect of gaining skills to add to the resolutions in contemporary workplace, compared with previous generations; comparing to other generations, the key stimulus of Generation Y is to keep a balance between work and life, pursuing corporations which raise solid workplace interactions, encourage determination and innovation; they place a greater importance on corporate uniformity, obligation and corporate responsibility. Moreover, compared with Generation X, Generation Y have more confidence in their ability for gaining the necessary proficiency and capability, but are frequently disapproved for performing a shorter consideration period and lack of enthusiasm to complete unpretentious tasks which are short of complexity; they choose to be employed in companies that need more teamwork and pursue motivated and inspired accomplishments in their professional careers (Kapoor et al.

All that research, collaboration, experience-seeking and quest for convenience translates into heavy technology demand. While they’re more pragmatic than members of Generation X and the Baby Boomers, members of Generation Y are early adopters of mobile, digital technology and will purchase apps and systems that simplify their lives at home and at work, Fromm

In Paul Angone’s article “3 Major Challenges Facing Millennials” he talks about how millennials have more problems now than prior generations. Angone explains about how competition is greater now than before because opposed to a high school diploma, the minimum requirement for major companies and corporations is a college degree. Angone states that, “Millennials are the Largest, Most Educated Generation in History.” As a result, millennials have higher debts due to college loans. Angone believes that millennials are not entitled to success, yet they have worked harder than all the other generations, aiding to their high levels of anxiety and depression. Angone concludes the article with the words of wisdom, elaborating to millennials to continue

Everyone has a dream, and in America, when someone reaches the financial and ethical position they desire to achieve, it is referred to as reaching one’s American dream. For numerous amounts of people, the American dream involves life events such as finding a stable career or job, buying a house, getting married, having children, and nurturing a future generation. While an individual’s dream may differ from another’s, most people do not want to worry if they can afford the lifestyle they want to live. Unfortunately, a millennial’s American dream is especially hard to achieve in this day of age, due to the ravenous debt that lingers after they graduate from college. College debt, lack of jobs, and minimal buying power are all factors that contribute to the endeavor of a millennial’s delay in beginning an efficient form of independence.

As many people are aware, it is apparent that individuals in today’s society are constantly battling with financial hardships. Young adults in todays society

Millennials reshaping the future for good or bad? With the passing of the torch from generation to generation, each previous generation has believed that the next generation will be the inevitable down fall civilization. Is the millennial generation going to bring about that downfall or is it just simply different? Whatever your thoughts on it are, they are here and they are not going away. Either you can be part of the solution or you can fade out. I, for one, believe that this “Millennial Dilemma” can be a positive change for the army, and America as a whole.

Generation Y or the Millennials are the terms used to refer to the individuals who were born between early 1980s to early 2000s. The term Generation Y was coined from the fact that the generation preceding the Millennials was known as Generation X. This group comprises the largest number of people entering the workforce in the contemporary world. This generation has some of the characteristics that were not exhibited by most previous generations that include being soft, family centered, achievement oriented, team oriented, requiring attention, and tech savvies. However, to understand these characteristics, it would be of great importance to explain why the members of Generation Y have these characteristics.

To begin with, let me tell you a little bit about my generation. We are the generations that zd6was born between the late 1970s and the mid-1990s. The “Gen Y” has we are call, was raise by the “baby boomers” our parents’ generation.