From The Toronto Star:
Generation Y grew up being told that if they were willing to work and study hard they could have it all: well-paying, fulfilling jobs that provided all the comforts.
But as they reached adulthood, secure jobs began vanishing, replaced by part-time, non-union work with little security, no benefits and odd hours. Then the financial crisis hit. Now, young adults are being forced to radically remake their life plans. They are staying in school longer to keep up with an “educational arms race” and accepting that life will be contract-to-contract, perhaps in different cities, and almost assuredly without benefits.
They are living in a purgatory of arrested adolescence, of delayed adulthood. They are unable to do what twenty-somethings have done for generations: settle into careers and start families.