Based on the numbers for average account balances and stuff, it seems like retirement is a luxury for the current generations. Evens the social support systems are being underfunded, which is likely to lead to inflation or economic downturn as the taxes increase to cover them.
Even as someone who is better off than others my age, it seems like retirement will be a long way off and tight. I was interested and looked up how I stacked up and it turns out I'm around top 25% for income by age and about top 1% (that's alarming) for savings. If it's shakey for me, how is anyone else going to make it? Property values and taxes aew sky high. So is medical care. Other stuff like groceries or parts/labor for home repair are rising.
