<prompt> Human: The statistics are there, and theyre eye opening to say the least. In the past decade weve had a record amount of people with a record amount of debt not behind the paywall straight out of college with a record amount of unemployment Its often touted here to start saving for retirement ASAP. However, with the kind of debt people seeking advice here and to rstudenloans bring to the table Ive seen a lot of advice to the contrary and rightly so. People are being advised to pay off the debt first, since when considering the interest rates of said debt, the value of paying it off is objectively better than any interest earned in savings.But whats going to happen when all these people who spent a decade or more straight out of college focusing on only paying off debt with salaries much lower than they were promised reach retirement age. Are we going to be ready? Is the government going to be able to help or support us? Should we be worried? Heres one take on it I found Warning: that link has an ad blocker detector - sorry. Read in Pocket if you dont want to disable your ad blocker.Lots more interesting links on ASA.org.Edit: As uthedrscaptian mentioned, I forgot to include the massive default rate Edit 2: Also forgot to mention, one of the points of this post is can we do anything about this as individuals? Or are we stuck to just starting retirement savings later rather than earlier?  <response>: People not saving enough for retirement is not a new phenomenon. Theyll either have to adapt to living on a lot less money, continue working, or get creative retire to another country with lower costs 