<prompt> Human: The report is based on an analysis of the 2014 Survey of Income and Program Participation SIPP data from the U.S. Census Bureau. It examines the distinct challenges posed by the current retirement system in America for working Millennials between the ages of 21 and 32. This only looks at retirement accounts through employer sponsored plan. It does not take into consideration other retirement accounts such as Traditional or Roth IRAsAccess 66.2 of Millenials work for an employer that offers an employer-sponsored retirement plan Only 55 of these Millenials are actually eligible to participate in an employer-sponsored retirement plan Of those who are eligible to participate, the participation rate is at 94.2 which about the same participation rate as older generations. Overall, 34.3 of Millenials participate in an employer-sponsored retirement planParticipation 66.1 of working Millenials have 0 saved for retirement For the Millenials that have retirement account, the average balance is 67,891 and the median balance of 19,100 Taking into account an employer match, 14.2 of Millenials contribute 15 of more of their income into their employer-sponsored retirement planBarriers 25.1 of Millenials are employed part-time Over half of Millennials have only been employed with their current employer for between one and two years 26.5 or under one year 23.6 The top three reasons for not participating are: Not enough hours 24.2, Havent worked long enough 16.0 and Cant afford to contribute 9.3  <response>: When you have 80 leftover after paying rent and utility bills to cover food and gas for the month... well... life can be quite a tricky pickle to figure out how to save just a little bit. 