Guess what? All those people are spending their money on nice cell phones, latest cars and iPods because they know someone else will take care of them when they get old. Namely: Us.
http://money.cnn.com/2007/04/10/pf/retirement/ebri_survey_2007/index.htm?postversion=2007041108
http://money.cnn.com/2007/04/10/pf/retirement/ebri_survey_2007/index.htm?postversion=2007041108