Preview

Millennials: Generation Y and Way Americas Economy

Better Essays
Open Document
Open Document
821 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Millennials: Generation Y and Way Americas Economy
Millennials Future Lets face it the way Americas economy is looking right now the job market is in the dumpster. Millennials are working harder then ever to try and stand out from the rest of their peers so they can land a good job to support them on their own. This is putting millennials in between a rock and a hard place. In these day and age it’s almost required to have a college degree to have any chance of landing a good job to support you on your own. But these degrees come at a price and as the job market is failing and loans are pilling up on are college graduates. This bad economy is crushing the millennial generation and their futures. Millennials also know as generation Y, are people born from 1980s to the 2000s. They’re the first generation to be raised using digital technology, social media, and mass media. People born in this generation are now college students, and college graduates that are struggling in this tough economy. The millennial generation has limitless information at the tip of there fingers. Millennial are “always connected” with social networks like facebook and twitter they always know what friends are doing. People have said millennials are parent dependent and don’t know what reasonability is, which I think could go either way. Some millennials are very parent dependent but I see others very independent going to school and working without the guidance of parents. Its unfair to generalize millenials as slackers that don’t know how to work for something, it all depend on the person. Previous generations were able to go colleges get a degree and start working and living on their own immediately after graduation. “Not so long ago, the average American man in his 20s had achieved most of the milestones of adulthood: a high-school diploma, financial independent, marriage and children.” (Hymowitz 477). “In 1970, just 16 percent of Americans ages 25 to 29 had never been married: today that’s true of an astonishing 55 percent of


Cited: Hayes, Dianne. "The for-Profit Conundrum." Diverse Issues in Higher Education 29.14 (2012): 10-1. Ethnic NewsWatch. Web. 7 Nov. 2012. Z, S. Demirdjian. "The Millennial Generation 's Mindset: Susceptibility to Economic Crisis." The Business Review, Cambridge 19.2 (2012): 2,I,II. ABI/INFORM Complete. Web. 7 Nov. 2012. Hymowitz, Kay S. "Where Have the Good Men Gone." Wall Street Journal (February 19, 2011): 477-81. Print.

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Summary- The millennial generation has a strong right consciousness and always has high expectations and demands. Higher expectations are born primarily from superiority, and as a result they do not work accustomed to their work, but work to adapt to their lives. The millennial generation wants to get praised from parents, teachers, and their coaches.…

    • 266 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Millennials have come into a negative light in the eyes of many being blamed for problems in the world today. In Joel Stein’s article entitled The New Greatest Generation he believes they will instead of causing problems bring solutions to them and I agree with him. The millennials are a generation possessing much more resources and technology than any other generation before them by a long shot. The technological advances made from the 1980s to the early 2000 have opened a world of possibilities that millennials will and are taking advantage of to get further in life.…

    • 1107 Words
    • 5 Pages
    Good Essays
  • Good Essays

    From a neutral perspective, the author possesses a definitive purpose but elicits wild generalizations upon the entire millennial generation, ultimately detracting authenticity and credibility as the author’s voice leaks into the article. Tyler is clearly well-versed in the subject and openly expresses her opinions as fact throughout her work; she smartly refrains from speaking in the first person, but with the inclusion of her opinions, she might as well use “I” in every argument. She begins the article with the inclusion that millennials have underdeveloped brains, are hopelessly reliant upon technology, and possess a cloud of over-attached parents. She assumes that this particular generation will wreak negative impacts on the workforce as she braces employers for the impending intrusion. For example, she opens her argument with youths’ inferiority. “Older generations that couldn’t wait to proclaim their independence can’t comprehend this generation’s need for parental guidance and influence” . The choice of small rhetorical choices ultimately guides the reader…

    • 1032 Words
    • 5 Pages
    Good Essays
  • Good Essays

    In the essay, “A Generation of Slackers? Not So Much” Catherine Rampell, the economic journalist for the New York Times defends college graduates. The reaction from many older Americans is that this, “Facebook generation” are the laziest generation ever. Three in four Americans believe that today’s youth are less virtuous and industrious than their elders. One thing that has made life easier for this generation is technology. Technology has made life easier for the younger generation, and the way young adults work now is very different to what it was before. Nowadays college students spend less hours studying, however the grade point average rose to about 3.11 by the middle of the last decade. Many college students of today work more and save…

    • 285 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Strapped: Why America’s 20 and 30 Somethings can’t get Ahead. She is a part of generation X, which gives her firsthand experience about the subjects covered in the book. Her studies and writings focus on the growing economic insecurity, rising debt among citizens and declining opportunity that now characterize American society.…

    • 1373 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    According to The Atlantic article, “The False Stereotypes About Millennials Who Live at Home,” a 2014 data report from the Census Bureau, the “median earnings for young adults who were working full-time were only about $34,000 for Millennials.” This salary is much less than previous generations. Additionally, according to the same report by the Census data, “only 65 percent of Millennials were employed as of 2014, compared to about 70 percent in the three decades prior.” Despite being one of the most educated generations, currently, the decision to move back homes stems from the economical reality of simply not having enough to support…

    • 547 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Just as every person differs from one another, undoubtedly each generation also differs from the next. Every generation has its unique attitudes, and lifestyle choices. Whereas earlier generations experienced various historical events, e.g. the baby boomers and the Vietnam War, that considerably impacted their viewpoints, so is the case for each generation. Whereas generation X is often associated with being the latch-key kids, having considerable access to education, and witnessing various historical events such as the Cold War, the fall of the Berlin Wall, the Millennials are often labelled as the me-generation, having equal access to education regardless of socio-economic barriers, experiencing historical events such as 9/11, the war in…

    • 759 Words
    • 4 Pages
    Good Essays
  • Good Essays

    A Fire in the Basement

    • 914 Words
    • 4 Pages

    The mentality that the United States is represented as the land of freedom and opportunity is false despite the vast number of immigrants in the country. Today there is an increasing amount of men and women unable to find jobs, and as a result of this, these middle class families are winding up in incredible amounts of debt. In Bob Herbert’s travels to different cities in the United States, he found that there are staggering numbers of young adults of approximately 5.5 million across America who are out of school, unemployed, and do not receive any help from the government to find work or further their education (Herbert 400). This finding supports Herbert’s claim that America is moving in the wrong direction since teenagers…

    • 914 Words
    • 4 Pages
    Good Essays
  • Good Essays

    In 1945, World War II came to an end and the soldiers returned to their homes in America. The young men began to get jobs, find partners and marry, and start a family with them. This had all happened during the same time and caused birth rates in America to sky rocket. Over 76 million babies were born between 1946 and 1964 and this generation is known as the “Baby Boomers.” According to author Paula Schleis, “They have lived through at least six decades, straddling two centuries and two millenia” (Schleis). This means that they have lived through many big and important events in history and some even took part in those historical events. This generation of babies makes up nearly twenty-five percent of today's U.S population…

    • 1345 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Generation Of Slackers

    • 923 Words
    • 4 Pages

    The main point of the article “A Generation of Slackers?Not So Much” by Catherine Rampell explains how this generation isn’t full of slackers. Although Baby Boomers, those who were born between the years of 1946 and 1964 have said that this generation is full of lazy and entitled individuals; this article will prove them wrong. This article will teach you about today’s generation of hard working, successful individuals and show with evidence that we are not lazy or slackers and that we can do just as much work as the other generations of youth.…

    • 923 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    The Boomers were raised in very hard times when there was little work, food or places to live. As World War 2 ended and the depression was over, Boomers raised families under the premise that they didn't' want to see their children suffer as they did. They gave them everything that they wanted, and rather than teach them the importance of money and the value of family, they were content not to see their children in need as they had been. This began to develop the idea of instant gratification. People have become basically spend-happy and for the most part, and choose to live outside of their means. Racking up crippling school debts and poor choice spending habits upon entering the work force has forced many Generation X-ers to postpone things like having children, purchasing houses, and saving money for retirement. All of which are important elements of family. And as the Boomers set a financial precedent that their children simply cannot attain, due to higher requirements for education and higher costs of this education, to earn the same amount of money at the same stages in life, is next to impossible. Generation X has had difficulty in measuring up to their boomer parents in the financial…

    • 1379 Words
    • 4 Pages
    Powerful Essays
  • Better Essays

    Financial strain has led to many problems for Millennials. Society today displays a world dominated by knowledge based jobs, meaning you are required to receive higher education to succeed. Many Millennials have attempted to take the initiative and go to college. While college can help you thrive in life, it can also set you farther back than where you started.…

    • 1245 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Wealth Gap In America

    • 612 Words
    • 3 Pages

    When focusing on the wages of the generation known as the millennials, multiple studies have shown that this generation is not amounting to the level of income as their predecessors. The direct causes of this anomaly in the trend of the United…

    • 612 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The keystone to the American dream has always been the certainty that the next generation can do better economically than their parents. Americans pride themselves with the understanding that through hard work they can do better than those before them, but this may no longer be true. Climbing the economic and social ladder in the United States is becoming increasingly difficult and the middle class is shrinking. The decline of the middle class population in the United States can be attributed to an unfortunate cocktail of several factors. Among these factors are wage stagnation, tax policies more beneficial to the wealthy, the rise of the “gig economy,” the decline of unions, and globalization.…

    • 923 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Baby Boomers

    • 514 Words
    • 3 Pages

    In the article Blue Collar Boomers Take Work Ethic to College Sander’s makes that argument that the baby boomers of our time are still eligible to work, and are very willing to try new ways of achieving the education to start different forms of work. Most of the baby boomer generation had gone straight to hard labor jobs to help bring home money for their families, and now that they are older the labor is straining on their bodies (Sanders 3). While they may be older, they are still capable of learning how to use new technology and expanding their minds (Sanders 27). Sanders discusses that college is no longer a place for young adults to attend once out of high school, but rather a place for anyone to receive high education in order to attain a job.…

    • 514 Words
    • 3 Pages
    Satisfactory Essays

Related Topics