The median 65 year old has 200k in retirement savings. That's 8k per year at a 4% safe withdrawal rate. Hardly worth 40 years of work. > A meager retirement is

The median 65 year old has 200k in retirement savings. That's 8k per year at a 4% safe withdrawal rate. Hardly worth 40 years of work. > A meager retirement is not appealing to most 18 year olds. The option of shacking up with some buds and playing videophones all day will be utterly irresistible for many (if not most) male high school grads. Basically the college experience, for free, forever.