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$200k not including social security though, which won't be nearly as impacted by a crash in equities. I also wonder how much of that $200k is in stocks vs bonds / CDs / home equity (not sure if this is counted) etc.

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Great observation, however Social Security only has 11 years before the system as we know it today has to cut payments [1]. I too would love to know the breakdown of the 200k.

Even with Social Security payments however I still think a sharp fall in home prices or stock prices would be catastrophic for the retiring generation.

[1] https://www.washingtonpost.com/business/2021/09/03/social-se...

[1 skip paywall] https://archive.ph/OaBIv

EDIT: changed social security going from "bankrupt" to "cutting payments"

There's a second option where they just raise social security taxes or inject other tax revenue into it. I think that's more likely, cutting payments seems politically unfeasible.

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