Define "Generation"

An attempt to describe what will befall the generation of the Great Recession.

"loss of confidence on the part of both parent and children that life in the next generation will inevitably be better.”

"Today, the most immediately affected may be the oldest members of Generation Recession — those in high school and college. Research shows that the wages of those graduating into the recession of the 1980s were held back for more than a decade. And weak stock markets tend to make the young more risk averse about investing into the next decade."

(Risk averse is not necessarily such a bad thing, is it? I mean, isn't the popular approach to investing overdue for a correction?)

More civic-minded, more creative, closer to their families...it's not all bad.