“Generation Y, those 20 to 30-year-olds, they had it all, didn’t they? They could do what they liked, be whatever they wanted to be. Jobs and opportunities were there for the taking, and it seemed the good times would never end.
Then came the crunch and what an almighty shock it was. Suddenly, jobs disappeared, life was tough, Gen Y didn’t know what hit them. But before the oldies start crowing “I told you so”, remember this: these kids that we think are so spoilt also tend to be pretty imaginative, adventurous and resilient.” (Reality Bites, Thursday, July 9, 2009, www.sixtyminutes.ninemsn.com.au)
60 Minutes recently aired a report on the effect the credit crunch has had on Gen X and Gen Y and what they are now doing to survive being unemployed. Many of the 20-30 year olds interviewed in the report had to “settle for less” and go back to hospitality bar and café work while others used their imagination and started up their own businesses on the side such as spray tanning in their backyards.
For the full report, visit http://sixtyminutes.ninemsn.com.au/article.aspx?id=835745.
Sophie
ProGrad is an assessment, placement and training centre assisting recent university graduates into entering a successful organisation. For more information visit our main page at www.prograd.com.au or call us directly on 02 8235 8300