Recent data has shown that Generation Y has the worst employment, income, and wealth levels compared to Generation X and the Baby Boomers. The unemployment rate has increased and labor force participation rate for 20-somethings have decreased despite the increase in secondary and graduate schooling. As the percentage of unemployed 20-somethings rises by 1%, income falls by 7%. Household wealth has also fallen by 70% since 1984, and the wealth gap between young and old families has quadrupled in the last 30 years. The recession has definitely impacted Generation Y the most because it has resulted in increased debt from school and decreased amounts of assets.
http://www.theatlantic.com/business/archive/2011/11/no-country-for-young-men-or-young-women/248124/
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