millennial bearded man in office But millennials are different from their predecessors in other ways, too; while generally they’re better educated, those who don’t have a college education are way down the scale financially from those who do. (Photo: Shutterstock)

People who expect to do something at a certain point in their lives, but do little or nothing to make sure that happens, might be said to be living in an alternate reality. And if that’s the case, millennials are right out there—but they have plenty of company.

So says a report from a  Business Insider and Morning Consult  survey, which finds that both millennials and GenXers are way behind on retirement saving, with a quarter of millennials not having a retirement savings account and 47 percent of surveyed GenXers saying they have no money saved toward retirement.

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Marlene Satter

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

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