Proving generational clashes aren't only taking place in the states, we found an article in an Australian small business publication quoting a 24-year-old KPMG employee in Melbourne worried about her future for the first time after her two close friends lost their jobs.

The center of debate in the article, just like in this country, is whether Gen Y needed a recession to wake them up from their all-about-me mentality.

While some, including the KPMG consultant herself, dub the economic crisis a dose of reality, others find cutting Gen Y down to size distasteful.

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