It doesn't look much rosier when you look at net worth: https://www.federalreserve.gov/publications/files/scf17.pdf https://www.federalreserve.gov/publications/

It doesn't look much rosier when you look at net worth: https://www.federalreserve.gov/publications/files/scf17.pdf https://www.federalreserve.gov/publications/files/scf17.pdf Median net worth in the 55-65 age bracket: 187 kUSD. Effectively, it's much less than that because the lion's share of these 187 kilodollars will be owner-occupied housing. Yes, you can sell up, but you'll always need a roof over your head. The political system will have to deal with the retirement shortfall in the next 10 to 20 years.