Earlier quoted context omitted.
I think the retirement thing is a stretch. A 16 year old might see a retirement age of 2070 using a retirement age of 65.
Someone born in the late 1990s might expect to retire around 2070. Given the population structure in wealthy countries, early retirement at 65 is no longer feasible for most people in the younger generations.
In the US, just need to keep healthcare costs under control.