45% percent of households with members ages 55 to 64 have no savings at all. The median retirement account balance is about $100,000; most middle-class people need $600,000. There are 39 million workers 55 and older in the U.S. Workers 75 and older are the fastest-growing age segment of the workforce.

https://www.ssa.gov/news/press/factsheets/basicfact-alt.pdf

https://web.archive.org/web/20231028173718/https://www.nirso...

https://news.ycombinator.com/item?id=39448800

Housing is also wildly unaffordable.

https://news.ycombinator.com/item?id=39550922 (citations)