This quote also hits the nail on the head for many of the older generations posting here. The fact you feel entitled to anything is the source of much grief. I'm part of your generation, but through the professional experience I've gained in the past 8 years, and having been put in the position of hiring people from both Gen X and Y, I've realized that this entitlement hurts you much more than it helps.
Success is newly defined for each generation. Our job, in wake of this economic disaster, is to find out just how that definition has changed and move forward.