And an exceptionally pithy summary of WSJ's "Unprepared" series, which I've been faithfully posting but for some reason Search isn't finding.

FUN FACT: the median retirement savings of a 65 year old in the US is $172,000. The average cost of living is $18,000. But the average retirement savings is $104k and the recommended retirement savings for 65 is $1m.

A consumer survey in 2018 found that 42% of respondents 65 or older had zero retirement savings. The maximum social security benefit (if you retire at 70) is $3700 a month. The average social security benefit is $1400.

You know what an "entitlement" is? It's something someone is owed. You know how everyone wants to balance the budget? "cutting entitlements."