Yes it is.
Retirement has always been a relatively fake promise from politicians, when they promised retirement at a time when most people didn’t live long enough to retire.
It’s only relatively recent have people been living long enough to enjoy golden years and we are finding it too expensive to maintain.
On the plus side, jobs have become relatively enjoyable enough that it’s not the worst burden in the world to work in your senior years.
Basically SS & Medicare + supplemental meet my needs. I'm good until I get a major medical or who knows....a tornado or something. I'll never see the Grand Canyon or the Eiffel Tower but oh, well, I've seen pics & videos.
Very true. People tended to kick the bucket within a few years of retirement. Now people are living decades beyond 65 years old, often with very expensive medical care needed.
Unless you have at least a couple million dollars saved up, you should keep working so long as you are able. I know people don't like to hear that but using the 4% rule, you would need to have $2,000,000 saved up in order to give yourself an income of $80,000 per year. Which is the minimum of what most people need in retirement to truly have a carefree lifestyle. Of course you can factor in social security benefits to get to that $80,000 but I would feel better with the two million - in which case whatever social security you get is a gravy.