They are one of the biggest generations in American history, and they are certainly the best educated. But for Generation Y -- a group of young people some 70 million strong between the ages of 15 and 30 -- the future seems anything but bright.
With a national unemployment rate of 9.6%, many of them cannot find jobs. Some have had to move back home with their parents; others are scraping by with low-level work that is barely enough to pay back the four and five figure loans they took out for college. "It's not looking particularly good for Gen Y," says Matthew Bidwell, a Wharton management professor. "And I don't think it's going to go away by the next graduation season in May. A lot of forecasts are for a slow and hesitant recovery. We're not going back to 2007 any time soon."
To read the full, original article click on this link: Not a Lost Generation, but a 'Disappointed' One: The Job Market's Impact on Millennials - Knowledge@Wharton
