My good friend is a senior city worker with an iron clad guaranteed full benefit package and will be retiring in 6 or so years. Her pay is well above the average though not sunny so to speak. Single, no dependants.
That being said she is mortgaged and her line of credit is high though not maxed out.  I have said time and time again maybe put something away for a rainy day.  Her response is why......everything is guaranteed and I have a fat pension with benefits awaiting me.
No wonder out society has no control with finances.
Like the french say.....la joie de vive est aujourdhui!!