Best breakdown of our shitty generation

This is a pretty spot-on breakdown of why everything is going downhill, at least as far as my untrained eye can tell.

I have a term for yuppies in the Gen Y age group—I call them Gen Y Protagonists & Special Yuppies, or GYPSYs. A GYPSY is a unique brand of yuppie, one who thinks they are the main character of a very special story.

http://www.waitbutwhy.com/2013/09/why-generation-y-yuppies-are-unhappy…

7 Comments
 
Best Response

That's actually an interesting article...silver banana'd. I agree with the final three conclusions and especially agree with the social media aspect.

I do think there is something very shitty with Generation Y'ers, though I'll point out two anecdotal type points that are counterarguments to the article in a way:

1) One of the tenets of my life philosophy is that you can learn something valuable from every person that you meet, and I've usually found that to be true, even those whom I consider enemies (or sometimes especially so). In some ways, I view a good chunk of who I am as some combination of every person I've ever met. Given this, it suggests that maybe every person really is special in some way.

2) I don't know where this first originated, but the " Act As If " philosophy is often quite effective...when doing new things you don't have experience or expertise with, believing that you are in fact very good actually becomes self-fulfilling, probably due to the positive effects of confidence and self-esteem and lack of self-doubt.

I think if I ever have any rugrats I'm definitely going to pump up their expectations of their futures and confidence over their own potential instead of laying on tons of back-breaking sobering character-building. Yeah, what doesn't kill you only makes you stronger, but how strong do you want to have to be.

 

For the first part, I don't think it's that everyone is special, just that everyone is different. You learn things from the differences. Being different doesn't make someone special. What makes someone special is how they leverage their differences to their advantage and actions imo.

I do agree on the second point. There's a fine line between acting a certain way to put yourself in the right mindset and acting a certain way because you think you deserve something. I think a lot of our generation is in the second category.

Overall I don't think our generation in the US is completely fucked by any means. I do think there will be a much bigger difference (as we've already started to see) between the haves and have nots. A large part of this is due to what lengths the haves are willing to go to make their dreams happen. And the have nots will complain and talk about how they deserve this and that. A lot more people will be eating from someone else's spoon in our generation, but the vast majority of people will work for what they get.

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 

I agree that luck plays a role, but the vast majority of people will need to be lucky AND work hard to be successful. People assume hard work will lead to success. That would be nice, but the reality is hard work gives you the chance to be successful. You might be, you might not. That's a risk you have to take.

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 

Debitis sed iure qui vel quia voluptas omnis. Expedita soluta rem dolor rerum itaque. Blanditiis quod illum esse vero blanditiis.

Non minima suscipit necessitatibus in debitis architecto adipisci veniam. Eveniet accusantium voluptatibus sit facere ullam doloribus.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (78) $151
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
DrApeman's picture
DrApeman
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”