“50% of Americans Can’t Afford Their Lifestyle in Retirement: How to Avoid That Fate”
September 13, 2023
“…The CRR’s findings are stark. Fully half of the nation’s working-age households will not have enough money to maintain their standard of living once in retirement. Making matters worse, this study assumes a strong working and saving life in which people work until age 65 and annuitize their assets, and even accounts for Social Security income…”
https://finance.yahoo.com/news/half-americans-wont-able-afford-162141325.html
It is not a good idea to depend on the government for your future well being. It is not your father. It does not care about you. It will not take care of you. Furthermore that’s not what government is designed to do. The government is not a caregiver. People who understand this will have a much easier time during retirement.