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

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

So says a report from a  Business Insider and Morning Consult  survey, which findsthat both millennials and GenXers are way behind on retirementsaving, with a quarter of millennials not having a retirementsavings account and 47 percent of surveyed GenXers saying they haveno money saved toward retirement.

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Marlene Satter

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