They’re called Generation Y, the millennials, the Net Generation or the Echo Boomers. They’re mostly younger than 30, and the children of baby boomers. And they’re not easy to stimulate and satisfy in the workplace.
Sometimes, I think Gen Y is lame and she won’t admit to it.
But, I find, as I think about all the things I hate about Gen Y, that it’s hard to hate something you know so much about. And in fact, I have become a way better person myself from studying Gen Y. I have noticed that my worst traits are the aspects of myself I least understand. And that is true of Gen Y, too.
Home-buying assistance from family members is becoming more common as down payment requirements continue to hover around 20% since the 2008 financial crisis. A Better Homes and Gardens Real Estate national survey shows more baby boomers are helping their children and grandchildren become home buyers, and 1 in 5 have already gifted, loaned or cosigned a loan to help a Generation Y family member buy a home.
CareerBuilder.com, Monster.com, and countless other internet job search engines offer tons of advice about millennials. Whether it’s an article about managing them or whether it’s a blog offering them career expertise, everyone has an opinion on Generation Y.
Suarez just about makes it into the wave of Generation Y-ers (usually those born between 1980 and 1999); a new breed of student where independent learning is becoming more popular, where access to information is at their fingertips, and where everything must be 'right now'.
They are often accused of wanting it all now, so how can members of Generation Y save a deposit for their first home? Resi Mortgage Corporation chief executive Lisa Montgomery says with a plan of attack, it is possible.
"What words come to mind when I say Gen Y?" Aaron Kesher asked the many attendees at 2011's Society for Human Resources Management conference who were packed into the room. "Entitled!" shouted one person. "Job hoppers," chimed in another. Soon, many in the room (many of them non-Gen Yers, with some Gen Y members sprinkled in) were shouting things like "smart," "résumé builders," "technically savvy," "stereotype," "comfortable with change," and "creative."
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