Do people really believe that? I think either people have too rosy view of 80s or consider that real wages should also adjust for lifestyle inflation.
You can lock in today's treasury rates for 30 years by buying a 30Y treasury bond.
So, yes, they will last if you understand where to put your money. The options are extremely numerous and plentiful now in cash flowing assets, and you don't have to deal with the uncertainty of selling off principal in down markets to finance your retirement
[0] https://www.treasurydirect.gov/marketable-securities/treasur...
> By chance, a Cambridge scholar, the Reverend George Neville, a master of Magdalene College, saw Macpherson's passing reference to Pepys's diaries and grew intrigued to know what else might be in them. Pepys after all had lived through momentous times - through the restoration of the monarchy, the last great plague epidemic, the Great Fire of London of 1666 - so their content was bound to be of interest. He commissioned a clever but penurious student named John Smith to see if he could crack the code and transcribe the diaries. The work took Smith three years. The result of course was the most celebrated diary in the English language. Had Pepys not had that cup of tea, Macpherson not mentioned it in a dull history, Neville been less curious, and young Smith less intelligent and dogged, the name Samuel Pepys would mean nothing to anyone but naval historians, and a very considerable part of what we know about how people lived in the second half of the seventeenth century would in fact be unknown. So it was a good thing that he had that cup of tea.
I worked that schedule last year and it gave me a great feeling of ownership over my free time. So much in contrast to these five day work weeks where I often think, “I wish I had just one more day off!”
If only we could get the whole country on board…