In a continuation of our series "Pomp In These Circumstances" (examining the challenges that graduate face in these economic times), today we turn to Generation Y. This spring, 1.6 million people will grab their undergraduate diplomas and then walk off campus (with an average of more than $20,000 in student-loan debt) into the toughest labor market in at least 25 years, a workplace where there are approximately five people out of work for every available job. But Lindsey Pollak, author, speaker, and career consultant, is optimistic. She joins The Takeaway with advice for young graduates and finds a bright side even in this economy.

For more, read Lindsey Pollak's book, Getting from College to Career: 90 Things to Do Before You Join the Real World.