Generation Y Facts

Learned some interesting facts about Gen Y in my class in Chicago last week - facts that I remembered when I heard an NPR story about the topic this morning:

• Gen Y is defined (generally) as people born after 1980
• Average debt of Gen Y before entering college is $19,500
• After college average debt is $22,000+
• Trend in Gen Y is to move back into their parent's homes after graduation (see Chicago Red Eye article here); nicknamed the "boomerang" generation for obvious reasons
• Gen Y'ers expect to be promoted after 1 year of working

Interesting link here about job market differences between Y and X.