Can Gen Y IT pros weather the recession?

Are Generation Y professionals equipped to handle the economic downturn and possible layoffs? Some may think they are ill prepared, but workplace and Gen Y experts tell CIO.com that this generation may actually be better equipped than Generation X and Boomers to deal with hard times.

The reasons are many. For one, they don't have the feeling feeling of loyalty to their employers that have bound members of other generations to their jobs.

"What we know around Gen Y workers is that they're not bound to one place, one employer, one job," says Rosemary Haefner, CareerBuilder VP of human resources. "In a time of uncertainty, that might help them work through what's happening with less emotional trauma.''

Secondly, they work cheap, and with higher-paid workers often the targets of layoffs, Gen Y professionals may be better positioned to survive. In addition, this younger generation may have college loans to repay but they are not saddled mortgage payments or daycare expenses. And many young Gen Y professionals still live at home, which makes surviving a layoff financially easier.

For more about Gen Y:
- check out this CIO.com article [1]