Nearly 70 percent of Millennials have not begun saving nor contemplated a strategy for retirement even as 66 percent report they expect to retire fully by 65.
The finding, among others, was uncovered as part of a recent survey conducted by Thestreet and GfK Roper Public Affairs & Corporate Communications.
Millennials had a front row seat for the global financial crisis with many watching their parents' nest eggs wither if not become completely decimated. One would think this could spur energetic and creative retirement planning among the generational cohort in order to avoid the fate of their Boomer parents but the survey found that Millennials are planning on Social Security as a source of income in retirement.
