Generation Y. How much of our stress do we owe to the glory that is Generation Y, also known as Millennials? Being the complete opposite of Gen X, or the Baby Boomers, Gen Y is cuddled and coddled beyond anyone’s wildest dreams. Born between 1975 and 1995, Millennials have grown up in a time of complete technological change. This generation relies on their parents more than anything seeing as Baby Boomers worked so hard to climb the impossibly steep ladder to give their children everything they never had. Did their hard work pay off?
Gen Y “kids” have been able to see their parents’ hard work, but they haven’t necessarily learned from it. They have a sense of entitlement at work and home that has allowed them a free pass to happiness; no fee required. Gen Y babies have gone to college, graduated, gotten jobs… and are still living at home. Why? Because they deserve to.
The parents of Gen Y have spent their entire lives trying to give their child the best, from “participation trophies” and pats on the back to iPhones and college tuition. They have spent the majority of their children’s lives sticking up for them in ways that may have permanently damaged the child’s view on life. Their child got a bad grade on a test? It must be the teacher’s fault for not instructing well. Their child got caught stealing? It must be their employers fault for not giving them enough shifts at work. No matter what the situation may be, Gen X stands strong for Gen Y.
This generation is technologically smarter than their parents, but that’s not where their smarts end. They know just how to take advantage or manipulate people into getting what they want. Take the office setting, for example. Millennials need constant encouragement and praise, and they aren’t afraid to ask for it. More and more companies are providing cell phones and lap tops, replacing suits with polos, and implementing regular employee reward systems into their company plans. Who do we have to thank for this? Generation Y.
But what does this mean for the parents? It means that their savings are crippled or nonexistent. In a new world of instant gratification thanks to the internet, parents simply can’t keep up with the demands of Gen Y. Millennials are graduating from college and moving back home to save money in a world they’ve never had to actually live in. And it’s the parents who are paying their way.
What does this mean for Baby Boomers? It means they will be the ones paying for their children’s mistakes. As more and more parents pay for more and more of their children’s expenses, their savings accounts are dwindling and goodbye goes the retirement fund. At a time when it is crucial to continue saving for simple items such as food, clothing, and shelter, many Generation X adults find themselves scrambling to make ends meet. This could soon result in many senior citizens turning to food pantries and shelters to help them with the rising costs after retirement.
Even so, Generation X still stands up for their beloved Millenials, no matter what price tag it entails. But poor Millenials just don’t know any better, so it must be Gen X’s fault that they act the way they do. Right Mom?
If you or someone you know in the Dallas area is retired and struggling to keep up with the rising costs of food and other necessities, please visit http://www.ntfb.org and contact them about receiving assistance. To locate any other food bank in the United States, please visit this link.