You're right. I'm only in my mid-to-late twenties and my financial house is in good shape. Could use more insurance, tho.
So, yeah, you're right: I'm speaking from ignorance. :)
And I'm 63. And I was born into a country that had recently experienced the Roaring Twenties, the Great Depression, Prohibition, the rise of various socialist and fascist and anarchist groups and the Klan and the Nation of Islam and Jim Crow and Cosa Nostra, violent labor strife, veterans marching on Washington, eugenics, alcohol and drug abuse, crooked politicians and judges and police and...well, people being people.