For the last 20-30-40? years i've been hearing all about how americans don't have enough saved for retirement. In many cases not a penny and in many more cases, deep in debt.
It's been 20, 30, 40 since i started hearing all that. Whats happening to those folks now?
Some are in real trouble, some are getting by. Retired people continue to be, on average, the wealthiest group in the population. Those that took the future seriously and planned for it are doing better than they ever expected because of the great growth in investments. The others, in most cases, are just getting by and don't have the luxurious retirement they wanted.