F.I.R.E User
Thinks s/he gets paid by the post
You did you part and the fire calculator gives you 100% chance of success. But something unexpected happened. In some cultures, the kids are obligated to take care of their elderly. That is not the case in US.
Assume you are in very good health but old and could not work. But only have the SS as the source of income which is not enough to cover the basics.
What happens then?
Also, we read so many articles on line about the "crisis" of Americans do not have enough to retire. Where are all those people who do not have $1000 to their name?
SS, SNAP, Medicare/Caid, Section 8. It is enough for basic needs. It other countries kids have to take care because government provides nothing. Many in USA still take care of parents.