n. The cohort of people born in 1978 or later.
Marketers know them and love them as Generation Y or the Echo Boom, a cohort that is more than 50 percent larger than the 45 million strong Generation X.
Most university graduates with general degrees, myself included, are capable of being productive members of society. It is not through lacking work experience: paradoxically, it is the collective stupidity in our thinking that a university degree, the only necessity of the generations before us, would be enough to guarantee financial independence for Generation X as it did for Generation Y.
People born in 1978 or later are known as Generation Y because they came after Generation X, the cohort born between 1965 and 1977. Since Generation Y is composed mostly of the children of the Baby Boom Generation (1946 to 1964), a synonym for Generation Y is the Baby Boom Echo.