Millennials awaiting job interview Some millennials see the inequity of CEO-worker pay, high housing costs, and the threat of AI and feel no hope for retirement unless the economic system changes. (Photo: Shutterstock)

Mainstream views of the need to save for retirement aren’t cutting it with some millennials, who aren’t saving at all but instead living in the moment and looking to a collapse of the current economic system and/or a move to socialism to enable them to survive in retirement.

An Alternet report finds that millennials really harbor little hope for retirement, unless it’s through their own efforts and a transformation of the economy—including a basic or universal income.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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