Members of Generation Y, also known as millennials, have significantly less motivation to purchase a vehicle or property than in previous decades. Many people tolerate lower-paying occupations because they are less demanding. Many people take low-paying jobs because they are easier and much less mentally demanding than a job that requires a higher education. In other words, these people may take a service or retail position to pay for college. However, due to the accessibility and cost of education, they may choose to drop out of college and keep the job they are currently invested in. Although it has been said that a college graduate will earn an average of one million dollars dynamically over the years in Unlike another individual without a college education, the level of student loan debt is excessive and approaching a trillion. This is a number that may be surprising to any freshman fresh out of high school in a lower class who can't afford to pay college tuition out of pocket. The average Generation Y student earns their degree by accumulating $26,000 in loan debt to obtain that education. This is one of the many reasons why more and more students are returning home to live with their parents once again. Due to the higher cost of living and many jobs requiring a higher level of education, this generation is less likely to have the funds to rent or own their own home. This hurts the economy where homeowners who purchase homes to fix up and resell are no longer able to do so. t make the bigger profit they had planned. It will be seen that more and more people are unable to purchase housing due to extreme expenses and exceptional credit needs. The bank is coll...... middle of paper......-Retail-sales-reports-reflects-millennium-purchasing-habits.>.Thompson, Derek, and Jordan Weissmann. “Millennials aren't buying cars or homes, and that could hurt the economy.” Company interior. Business Insider Inc., August 25, 2012. Web. November 17, 2013. .Touryalai, Halah. “Student Loan Problems: One-Third of Millennials Regret Going to College.” Forbes. Forbes Magazine, May 22, 2013. Web. November 17, 2013. Tuttle, Brad. “Business and Money.” Business money millennials are the biggest suckers for selfish impulse buying comments. Time Inc., April 27, 2012. Web. November 17. 2013. .