95 Percent of Millennials Not Saving Adequately for Retirement

Some especially troubling stats considering pensions and social security is likely to be gone by retirement age:

* A lot are in real trouble: "66 percent of working Millennials have nothing saved for retirement"

* People aren't using their retirement plans: "1/3 of this generation actually participates in employer-sponsored plans despite the fact that two-thirds of Millennials work for employers that offer retirement plans"

* Needs more auto enroll: "56 percent of Millennials participated in an employer-sponsored plan with voluntary enrollment, but 92 percent participated in an employer-sponsored plan due to automatic enrollment"

Pay them a living wage, and or somehow it becomes cheaper to live a modest, reasonable life, and that will change.