Will Crypto Help Millenials and Gen Z Better Save for Retirement?

The topic of retirement savings is an interesting one. While we all see these studies about how much more well off The Greatest Generation, Boomers and even Gen X are than Millenials and Gen Z, it's startling how little many of them have saved for retirement despite seemingly having all the benefits and everything going for them ie Boomers had cheap college for those who went, for those who didn't go they still had the ability to get a job out of high school and raise a family, have a house and two cars on one salary. They had some good runups in the stock market and saw huge appreciation with their housing yet despite that the median retirement savings for Boomers is about 134k where as the average is just around 200k. While that's not a small chunk of money with how bad inflation is right now it's not going to last that long, and even before inflation they weren't sitting great. Now while people like Suzy Orman will talk crazy and say you need 5 Million to retire, I think that's overshooting a bit, I think its fair to say the amount someone probably needs is less than 5 Mill but probably more than the 134k or 200k that most boomers have.

I saw another study in recent days that found that the average Gen X'er has about 44k saved for retirement. Gen X'ers are 41-56 so while the younger ones still have some time til retirement the older ones are closing in on the traditional retirement age in about 10 years and definitely aren't preparped and you could argue while Gen X'ers didn't have it as good as Boomers, the older ones had similar conditions to boomers and the younger ones while they did get kind of screwed were at least able to use their college degrees and start their careers on their career path earning decent incomes.

So what does this mean for Gen Z and Millenials? Our generations have huge student loan debt, the expensive degrees we got have left many of us not using them working retail jobs or jobs outside our degree area, many of us have tens and even hundreds of thousands in student loan debt and jobs paying 40k a year, 50k a year etc. Inflation is terrible and is really hurting the younger people, when your young you haven't acquired much stuff so when you buy a professional wardrobe, a car, furniture, all of this is going to cost you more and that's not even talking about the crazy cost of home ownership and rent. All these expenses mean we don't have much to save. Previously home ownership was a forced savings plan but many in our generation don't have a home and those of us who do likely won't see much appreciation for the next few years or even next decade as we basically had a decade plus of appreciation all in 2 or 3 years so most in the younger generations can't rely on a paid off home to cash out later in life, at least not at the rate things are going.

And god forbit we have a lost decade in the stock market robbing younger people of a lot of that appreciation and compounding effect. So what does that leave us with? Basically crypto? How many of you are relying on crypto for a comfortable retirement or at least not to starve to death? If this is you what's your investing strategy ie going for safer bets like BTC, LTC and ETH or going for longer shots and altcoins?