Although they are often said to eschew monetary rewards, and have a great eagerness for rewards outside the monetary pay scale, many Millennials find their financial reality daunting.
Many Millennials are operating under crushing debt: Most college students graduate with close to $20,000 in student loan debt. Graduate and professional students easily can incur $100,000 in loans that have to be repaid as of day one on the job. These knowledge economy workers have made a great investment in higher education, where costs have multiplied by triple digits at both private and public colleges in the last decade and a half. And they're still escalating.
To read the full, original article click on this link: "Pay For Performance" Doesn't Work For Generation Y | Fast Company
Author:Jim Finkelstein
