They by and large should have done as

their forebearers did..and planned ahead.

So what you are saying then they should be penalized for this.

I do believe all should plan ahead and save for the years when they
cannot earn a living. I am currently, at 53, saving 1/3 of my gross
income toward retirement. I've been at 15% or more since my early 30s.
But I'm a long way from having enough to retire and live on in 10 years.
I also know that a devastating illness or a big lawsuit at any time
could make me penniless.

Rex