People definitely don't save enough for retirement under the current system. The median household entering retirement right now has like $150k, which translate

People definitely don't save enough for retirement under the current system. The median household entering retirement right now has like $150k, which translates to very little on top of social security. So now without pensions, people's entire retirement strategy is social security and maybe selling a primary residence. Elder poverty is already high, and will get much higher in the future > The last 5 years The last 5 years were freaking amazing for investments. Even including the current small downturn, s&p 500 total returns are up like +160% in the last 5 years. After factoring inflation it's more like +80% or so? Which is over 10% real returns per year, which is wayyyyy above historical average (closer to 5-7% real returns).