| 0s | They are saddled with big student loans |
| 3s | and historically small pay-cheques, |
| 5s | but some Millennials say they thrive against the odds. |
| 8s | So is there something all ages |
| 9s | can learn from this generation. |
| 11s | CBS 2's Emily Smith has the story. |
| 14s | 20-somethings and older teenagers |
| 16s | are dubbed Millennials or Generation Y. |
| 18s | The age group seems to think nothing of living at home. |
| 22s | Room mates? Yeah, Mom and dad, they're awesome. |
| 26s | I'm going to be living at home until I'm like 27, 28 years old. |
| 30s | A report from city controller, |
| 31s | Scott Stringer, shows Millennials in New York City |
| 34s | earned 20% less than the previous |
| 36s | generation of young people. |
| 38s | In 2000, the average 23 year old earned about $27,000. |
| 43s | In 2014 that same worker earned only about $23,000. |
| 49s | Millennials are now the majority age group in New York. |
| 52s | They're the up-and-comers, |
| 54s | they're better educated than ever before. |
| 56s | Yet so many of them are stuck in low-wage jobs, |
| 59s | tourism, fast food industry, |
| 62s | and we have to do a better job lifting them up. |
| 65s | Stringer blames the statistics on timing, saying |
| 68s | many young people graduated from college |
| 69s | just as the economy was collapsing. |
| 71s | On the other hand, a website that monitors |
| 73s | the economy Bank Rate, released a report |
| 76s | with better news for Millennials. |
| 78s | It says Millennials have the highest |
| 80s | feelings of job security overall and |
| 82s | they're the only age group to feel more |
| 84s | comfortable with their savings. |
| 86s | I think that they are better savers. |
| 88s | Depending on where they live obviously, |
| 89s | I think we're staying single longer |
| 92s | and will we're starting families later. |
| 93s | Thomas la Vecchia runs online magazine, |
| 96s | New Theory, that caters to Millennials. |
| 98s | He says working with them has taught him, |
| 100s | a gen Xer, a few things. For example, |
| 103s | using transportation more efficiently, |
| 106s | like Zip car or Uber. The uberization mentality, |
| 109s | so for example, we go to buy a car, |
| 111s | we spend forty five thousand dollars on a car, |
| 113s | and that money goes from us over to the car company. |
| 115s | They believe instead of buying the whole pizza, why don't you just buy a slice. |
| 118s | Millenials also admit to frequent job hopping, |
| 121s | in order to get more money at the next one. |
| 123s | Year stints each place, sometimes six months at a time, |
| 126s | and it was really just cultivating |
| 128s | as much that I could learn at that job |
| 130s | and then on to the next one. |
| 132s | 24 year old Andrea Cirillo |
| 133s | says little by little she's saving money, |
| 136s | for now she's happily living with her parents. |
| 138s | She knows she may be missing out |
| 140s | |
| 142s | but like many other Millennials she believes in time, |
| 144s | she will be ahead of what Generation X has done, |
| 147s | just by thinking outside of the box. |
| 149s | In Kenilworth, New Jersey, Emily Smith |
| 151s | |
