Meaning of the word "Generation Y" in English

What does "Generation Y" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

Generation Y

US /ˌdʒen.əˈreɪ.ʃən ˈwaɪ/
UK /ˌdʒen.əˈreɪ.ʃən ˈwaɪ/
"Generation Y" picture

Noun

the group of people who were born between the early 1980s and the late 1990s; millennials

Example:
Generation Y is often characterized by its familiarity with digital technology.
Many members of Generation Y entered the workforce during a global recession.