It’s crazy how some people just go into it all depending on the social safety net of retirement items paid for by the government and they are largely penniless otherwise. It’s a dangerous thing and in many ways intentional because they toss seniors out lately in favor of others which is wrong.
We are trying to do what we can to go into retirement when we get there debt free. It’s a huge part of being retired since you don’t have consistent income sources, at least conventional ones. Then you’re always drawing on what you had saved. It’s a tough situation for sure but there has to be improvements in how people prepare themselves for it. I think we are going to see a wave of helpless people and that will hopefully foster a better conversation about how we do this stuff and help people make changes in their lives to fix these foolish issues.
They are talking about raising the retirement age again in Finland, whilst cutting the pensions. Remember that the pensions are things that people were convinced to put into, because of the return when they retired - now they are saying that "the return we convinced you with is no longer applicable, now that you can't do anything about it"
We have created a world where people crowdsource funeral costs, and medical needs. Those helpless people are already here - but the group is going to grow rapidly.