These days, the retirement plan for Generation Y – those between 18 and 34 years old – is basically looking like a 401(k) and a job. Because these two are co-dependent, there is great deal of pressure to be skilled 401(k) investors and, even more importantly, be employable. Currently, the unemployment rate among Gen Yers stands at 9%, according to the Bureau of Labor Statistics. That’s 0.8% higher than the national average. Further preventing this generation from saving for retirement is student loan debt. “Our research shows over a third of Gen Y entered the work force with more college debt that their parents,” said Richard Mason, president of corporate markets for ING U.S. Retirement.