Gen Y, betterly known as those ranging from 18 to 29 years old, are aplenty these days with highly qualified college degrees and masters but sadly underemployed and many even coupled with college debts.

Members of Gen Y -- with some 92 millions people have the propensity to be more like their grandparents than their boomer moms and dads. It portrays the generation as seeking stability above all else, and looking for long careers in big, safe companies. Sadly, that's not likely to happen for them. Gen Y is a smart, educated and agile cohort. Its members are socially networked and digitally savvy, but they have been seriously set back by the troubled economy.

So what can they do to keep going?

1.) Accelerating education in a realistic manner -- Many Gen Y students went through college with liberal arts major without ever thinking of what they ...