I'll play Devil's advocate and argue at least some of these people understand perfectly well how they will never be able to retire comfortably, since they didn't get in on the ponzi scheme as early as the older generations and money was also worth a lot more back then, so they may as well not have savings that are only going to decrease in value. If their parents leave them a house, that's realistically the only house they'll be able to have, regardless of what else they do, so why bother working in a vain attempt to get ahead a little?