Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

What is the median retirement savings in the United States today?
Note that the quote distinguishes between "all families" and "families with some savings" - this just means there are so many families with less than 5k that they equal all those with savings above 5k. That might be because they are young and haven't started yet, or because it is just not a priority for them compared to food and rent. Nothing about the quote suggests that anyone believes once you've saved 5k, you're done. In fact since they show savings vs age, you can immediately see many people still have decades to save more. They may have 5k or less now, but they're not retiring now. How do you survive if you get to 65 and have nothing saved? There is some government money (social security) and many people sell their houses or get a reverse mortgage. Having equity in a house is not the same as having savings. And some older people live very frugally - they stop buying clothes, they stop redecorating their houses - while others live in flat out poverty. But you can't tell if that is their future from the fact they only had 5k saved when they were 32.