>>You don't know how long you will live
Going by the trends you will likely live long.
>>and what is your old days worth if you broken in your youth trying to be safe when you are 50?
Far more worth than being 50, out of cash or very little of it, competing with a impossibly competitive new generation. Living in perennial fear of layoffs, making ends meet and having a roof above your head. All the while watching your peers who made sound investments already retire and having a gala time now.
>>I'd rather work, as some do, 3-4 hours every single day for the rest of my life, than 12 hour days for 10 years and then compensate my lost youth, health and relationships with yachts or whatever money could buy.
Retirement has rarely meant turning into a vegetable these days. Retirement only means financial freedom to do what you want. Imagine how valuable your relationships will be when you spend quality time with your friends and family, instead of running into old age expecting help from everyone starting from family, friends to government.
>>That is what socialism->communism was about in my country. We have to suffer just a little more and then we'll get there. Guess what. We never got there.
As a Indian who lived through socialism I can tell scores of people 'got there'.