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And these aren't just rich-kid problems: poor millennials have even higher rates of narcissism, materialism and technology addiction in their ghetto-fabulous lives. This is a generation that would have made Walt Whitman wonder if maybe they should try singing a song of someone else.

They are the most threatening and exciting generation since the baby boomers brought about social revolution, not because they're trying to take over the Establishment but because they're growing up without one. They got this way partly because, in the 1970s, people wanted to improve kids' chances of success by instilling self-esteem.

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"This generation has the highest likelihood of having unmet expectations with respect to their careers and the lowest levels of satisfaction with their careers at the stage that they're at," says Sean Lyons, co-editor of Managing the New Workforce: International Perspectives on the Millennial Generation.

"It is sort of a crisis of unmet expectations."(Income Inequality: It's Not Just for Older People Anymore)What millennials are most famous for besides narcissism is its effect: entitlement.

The Industrial Revolution made individuals far more powerful--they could move to a city, start a business, read and form organizations. It turns out that self-esteem is great for getting a job or hooking up at a bar but not so great for keeping a job or a relationship.

The information revolution has further empowered individuals by handing them the technology to compete against huge organizations: hackers vs. "It was an honest mistake," says Roy Baumeister, a psychology professor at Florida State University and the editor of Self-Esteem: The Puzzle of Low Self-Regard.

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Correction Appended: May 9, 2013I am about to do what old people have done throughout history: call those younger than me lazy, entitled, selfish and shallow. Millennials got so many participation trophies growing up that a recent study showed that 40% believe they should be promoted every two years, regardless of performance.

Though they're cocky about their place in the world, millennials are also stunted, having prolonged a life stage between teenager and adult that this magazine once called twixters and will now use once again in an attempt to get that term to catch on.

The idea of the teenager started in the 1920s; in 1910, only a tiny percentage of kids went to high school, so most people's social interactions were with adults in their family or in the workplace. It is anti-eloquence," says Mark Bauerlein, an English professor at Emory, who wrote The Dumbest Generation: How the Digital Age Stupefies Young Americans and Jeopardizes Our Future (Or, Don't Trust Anyone Under 30).

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More being added all the time: how many of those were the two most popular.

If you want to sell seminars to middle managers, make them about how to deal with young employees who e-mail the CEO directly and beg off projects they find boring.

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