See the second half of my comment.

You can invest in international markets if you think the US market is doomed. Still not a reason not to save. The bigger problem is that so many people simply can’t afford living expenses AND saving for retirement.

I’m sure the situation is dire, but I’m not sure it communicates an accurate picture by lumping in 21 year olds with people who’ve been in the workforce for decades.

21 yr olds who are just entering the workforce or are in college aren’t expected to have much, if any, retirement savings at that stage in their lives.

A better picture would be to break it down by age group. Still not a pretty picture, I’m sure.