From USA TODAY:
They’re called “Generation Y” — teens and twentysomethings known stereotypically for their coddled upbringing, confidence, opinionated dialogue, free-spending habits and openness to change.
Ultimately, however, the more than 50 million members may be best remembered for whether they can overcome the dire financial straits that plague many of them.
Even before the recession, those in Generation Y — the latest products of a get-it-now, pay-for-it-later mind-set that has permeated the nation’s economy — faced a range of financial pitfalls as they embraced expensive high-tech gadgets and added credit card debt onto student loans…
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