I don't think this study paints a complete picture. It asked about specific retirement funds, rather than wealth in general. If someone aged 50 has 20k in an ea

I don't think this study paints a complete picture. It asked about specific retirement funds, rather than wealth in general. If someone aged 50 has 20k in an earmarked retirement fund but a net worth of 1.5m, that person is fine, but considered by this study to be unprepared for retirement.