Earlier quoted context omitted.
I suppose the distribution is extreme on both sides. Either you accumulated assets from early on and you're golden, or you're still struggling with rent and no pension in sight.
It seems like there's way more on the low side than the high side, at least looking at Table 1 (below) from this PDF from the GAO: https://www.gao.gov/assets/680/670153.pdf Edit: below, the table contents Households age 55-64 with Households age 55-64 no retirement savings with retirement savings Percent of house- 41% 59% holds age 55-64 Median net worth $21,000 $337,000 Median non-retirement $1,000 $25,000 financial…
Then an additional 50% who have a home but still a mortgage to pay. The statistics don't say when mortgages will end, so we can't do any meaningful analysis on the majority.
There are more people on the low side, not WAY MORE contrary to your statement.