question, page-8

All of the baby boomers I know were into or transitioning into retirement before 60 after hitting preservation age at 55, most of them were professionals or tradies that did well in life.

A few got burnt by the GFC but being conservative most I know bailed out on the way down and bought back on the way up to recover most of what was lost.

And they own two thirds of the houses in Australia. I expect many of them to divest surplus and unsuitable property back into better yielding investments now with prices stabilising.

You will find those still working after 65 were from the low paid and unskilled workforce and didn't plan for retirement.