Millennials don't want to follow the usual path in life of school, then work, followed by retirement. Considering Americans live 30 years longer now than they did a century ago, millennials are instead looking to that "extra" 30 years as an opportunity to restructure their lives — despite the twin handicaps of being the least financially prepared and most overwhelmed by the notion of long-term planning.

That's according to new research from Allianz Life Insurance Company of North America, which found that more millennials are looking to march to a different drummer than their elders in the way they live their lives — although they're definitely not alone in considering the road not taken.

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