I am also a Generation Y and read this article. I believe there are exceptions like myself But my brother who is 18 months younger than me and one of my good friends who is a year older than me falls into this category. I have a 26 year old friend that still lives in her parents basement. I don't know why people want to be dependent. Then again ever since I was 7 I wanted to be on my own according to my mother! LOL.

Example:

My two sds are both high school drop outs, on welfare, unemployed, etc.

MY two Bio are college educated, employed, own homes, pay their own bill and have their own lives..

What is the difference between these two sets of kids? Why the difference? USUALLY, not always, but they turn out according how they are raised. Hell, do you think my kids would have gone to school if I had not made them? Hell no, so I made them. I had standards and expectations. My hubby has no standards or expectations for his daughters. It is less trouble for him and ex to just give their kids money and get them down the road and out of their hair.

Huh - apparently I'm (barely) Gen Y. I always thought I was Gen X.

I'll admit it, I was a useless slacker when I was a early-20-something. I flunked out of college repeatedly because (say it with me here) THERE WERE NO CONSEQUENCES. My parents just shook their heads and tut-tutted, and said, "do better next semester." Permissive parenting at its best!

I finally got sick of myself when I was 25 and enlisted in the military. 10 years later, I make ~$60k/year, bought my first house (alone) five years ago, and DH and I have something close to six figures in savings. But I had to self-start.

Rather than permissive parenting, my folks should have kicked my lazy butt out after the second failing semester, and made me get loans or pay for college myself after the first one. But they thought they were doing something good for me. I'm not sure I can blame them - their method worked with my sister, who graduated from college debt free and has never asked for a dime since.