Why is anyone shocked at this? 55-64 is the heart of the most selfish generation (on average - not all individuals are this way) this nation has ever seen, the baby boomers. Me, me, me, now, now, now...house as ATM, bigger, more, more more...selfishness writ large.
Time is long past for the boomers to lay in the bed they made. Welcome to poverty boomers....you EARNED it.