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Against the backdrop of a global economic crisis and an impending enviromental crisis, Magda Wierzycka writes on Moneyweb: “For the first time Generation Y is facing real difficulties which challenge their ability to make demands on others. Widespread unemployment and financial strife will challenge any feelings of entitlement. Where Generation Y has always relied on parents for financial support, the position may well reverse. Faced with the decimation of their savings the same parents may well have to turn to their Generation Y offspring for financial support going forward. Although not brought up to be responsible and accountable, Generation Y is extremely adaptable.”

The major thrust of the article is a not too glowing appraisal of those born between 1982 and 1995.

Far from growing up in prosperity and privilege, young people in South Africa have to become globally competitive despite an inadequate school system. Their inheritance in terms of economic and environmental capital is also far from desirable.

Given the state of the world that they inherit one can only hope that Generation Y will do things differently than their parents. Their adaptability and techno savvy will have to be complimented with life-long learning, innovation and a more holistic approach to tackling challenges.

Will they make it? Read here for a more detailed viewpoint.