The millennial plan for retirement: Getting help from their kids
CBSN
Some millennials are looking ahead to their eventual retirement are taking a page from an earlier era — one before the U.S. created Social Security.
Fewer than half of millennials say the federal pension program will factor into their retirement planning, compared with 9 in 10 baby boomers, according to a new survey by Natixis Investment Managers.
Instead, most of the respondents in that age range (typically defined as those born between 1981 and 1996) say they'll get through their golden years by tapping their retirement savings. And 1 in 5 millennials told Natixis they're banking on their kids helping them out financially.
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