Critics love to call Generation Y “entitled,” but the poor economic outlook for America’s youngest adults begs the question: What exactly are they entitled to? We talk money, millennials and marriage with photography we found by Dai Lyn Power, of what our generation will look like in 50 years (maybe).

dai lyn power gen y

A disclaimer for all you hip youngsters sitting on your rainbows and munching on your Lucky Charms — enjoy that sweetness while it lasts. The rest of this article is pretty sour.

A brief definition: Millennials, or Generation Y, is the name given to Americans born after 1980. The adults in that segment comprise 27 percent of the adult population in the country — and that population has seen better days.

If not for the Great Recession (2007-2009), the Millennial conversation may have involved a lot more talk of fiscal responsibility and diversified investments. But the Recession is part of our history and our conversation has less to do with saving than it does with surviving. The U.S. Department of Labor can back me up on this.

Technically the Great Recession ended in the first quarter of 2009, but as late as April 2011 over 50 percent of adults polled by Gallup thought the economy was still in either a Depression or Recession. Too much debt and too few jobs wrecked financial prospects for years to come, and no one felt that damage deeper than Millennials.

Let’s talk unemployment. Adults between the ages of 18 and 24 have seen unemployment go down, but by as minuscule amounts as you can imagine. From February 2013 to the present day, 18 and 19-year-olds have seen their unemployment drop from 23.2 percent to 21 percent. For the 20-24 bracket, it dipped from 13.1 percent to a steady 11.9.

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