It's a harsh reality out there for America's young people. Generation Y, also known as the Millennial Generation, has been hit pretty hard by America's economic downturn. Don't believe it? Here's your proof: Even MTV now has shows focused on being underemployed and struggling in today's tough economy. But that doesn't mean these Millennials won't prevail and come out on top in the end. Some people even say the Millennial Generation will be the next "Great Generation."

One guy who believes strongly in that idea is Nick Shore, senior vice president of MTV Insights. He says if his research is any indication, "...with the economy as their battle, technology as their arsenal, and innovation/creativity as their rallying cry, Millennials’ ultimate victory will be, we have absolutely no doubt, quite something to celebrate."

Millennials: The new American dreamers

As the future of America, what can we really expect from this generation? Nick shares some fascinating thoughts and research on how Millennials will be able to Make it in America, and to put all of this into perspective, we asked Benjamin Hindman, an entrepreneur and member of Gen Y, to join the conversation.