Funny that I know quite a few baby boomers and every single one has a pension, a 401k, maybe a roth AND gets social security and medicare.
Not a single one has a college degree. All life long factory workers. Some alcoholics. All they did was show up to the factory job. I know my father hasn't read a book in at least 50 years and he might not have read any in school either.
They have no real expenses either besides going out to eat, vacations and sports gambling.
Legal structures in place so that the nursing home will be on the tax payer if needed.
Anyone of retirement age right now that is not doing well in America REALLY fucked up in life.
Of course, this is all being paid for on the tab of younger people. It is a brilliant system if your old.