Didn't make clear above that when talking about money saved was not referring to money saved in retirement accounts such as 401K's or 457B's, etc., but talking about regular savings.

That's true, Steve, about younger generations, apparently in the UK, from what you shared, as well as in the USA, and a good point to make. I know a major concern for me regarding retirement is trying to be sure I can still help my son (I had him late in life and he is only 22) or at least leave him something of a safety net, as it is for sure he will not have the same safety net from family or from financial social benefits that I still have some assurance of having.

The above is an aside. Purpose in posting was to provide some information that might be useful to others in the USA who will be following close behind me in terms of the realities of preparing for imminent retirement and dealing with the Social Administration in the USA.