[throwaway2037]

    hence the huge % of the population who has no real savings, little or no retirement investments, and will loose their home if they get a bad medical diagnosis

Was this not also true in earlier generations?

Also, most people from highly developed countries with sound social safety net (G7 and close friends) do not have such a doom-and-gloom outlook. I assume your view comes from the US.

    where even two adult fulltime earners can barely tread water

This is certainly not true in the vast majority of G7 and close friends -- only US.