Earlier quoted context omitted.
I promise if you plan it out it's completely possible to retire with dignity and people are doing it all the time Unless, of course your planning counts on government sponsored health insurance or even Social Security since in today's political climate, there's no guarantee that either will be around for your retirement.
Pensions are the first to go. They already are in many places. Taxpayers will be unable to bail them out. If you think being 20 with a shitty job is bad then consider being 65 with no savings or income whatsoever.
I mean, even if you bought a house at 35 and just made minimum payments, at least that would be paid off. And I'm sure taxes could be paid by renting out one room..