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The "millennial generation" has been getting a bad rap in popular culture in recent years. Millennials, roughly defined as people born in the 1980s and '90s, frequently see themselves depicted as entitled, coddled and narcissistic.

But many — including millennials themselves — dispute those characterizations. Young adults today are tolerant, civic-minded and entrepreneurial, they note, and are thriving despite entering into a tight job market, often with significant amounts of student loan debt.

In an Oxford-style debate for Intelligence Squared U.S., two teams recently faced off over myths, realities and prospects for young adults while considering the motion "Millennials Don't Stand A Chance."

Before the debate, the audience at New York's Kaufman Music Center voted 18 percent in favor of the motion and 47 percent against. After the debate, 38 percent agreed with the motion, while 52 percent disagreed, making the team arguing that "Millennials Don't Have A Chance" the winners of this particular debate.

Those debating were:

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