Frankly I do think Gen Y is screwed but not by our own hands exclusively. And I'm sick of everyone blaming the Y generation and not the previous generation. I think more than ever Gen Y has been the punching bag of the older generations. And frankly a lot of issues we can't control or have little hope to fix. We have a hell of a lot harder in many ways than anyone sense the great depression.
Here's a review and it frankly sites how I feel.
quoted from an amazon review--
This book has been reviewed dozens of times in detail in many publications, but I think it is worth mentioning that its methodology is incredibly flawed. Citing "empirical" evidence on the lack of young people's "knowledge" (without actually defining what that is), Bauerlein refuses to either contextualize the surveys (not studies) in terms of national trends (e.g., the "knowledge" rates of the generation's elders, parents, teachers, etc, which statistically are just as low), in altering trends in knowledge (e.g., towards increased abilities to mobilize multi-platform communication, in multitasking, in media production), in the increase in the amount of labor young people do for money to pay for a steeply rising cost of living, education, and health care, and the decrease in access for many young people to the hope for a good education, good job, or happy life. The latter point is key, as their parents to a great degree still maintained the illusion of the American Dream working; that is, having a steady job and working hard to climb the ladder could bring happiness. As that has not proven to be the case, with massive numbers of working poor, a tragically disparate education, health, and wealth gap between demographics, and with decreasing opportunities coupled with crippling national debt racked up by the previous generations, it is no wonder that many youth are rejecting the signifiers of success and knowledge Bauerlein seems to think are universal truths. Going to the Met or the Smithsonian does not necessarily bring knowledge. Neither does going to Yale, as 2001-8 show us so well. This is, in the end, a reactionary book that seeks to blame young generations for the sins of the previous generations, both in legacy and in repetition of those sins. A shamefully shoddy exercise for someone claiming to be an impartial scholar. Still, the book is interesting primarily because it outlines key components of a logically and statistically flawed argument, and is useful to read as an example of how to argue a false statement persuasively, or how and why to avoid fallacies in your scholarship.