I came from a society where majorities are not bothered about their retirement plans, Some do have the financial resources but due because of financial revenue opportunities, they feels so reluctant and comfortable without considering that depending on the government opportunities could get to an end somedays. I don't know if they ever have the picture imaginarily about how their old ages times would be.
What's the most ideal age for someone to get retired totally from their day jobs? 60 right? Well, some people of this generation doesn't seem to be bothered by these kind of plans because they thought that today's young generations has lesser chances of making it to 60 than people in the 90s or older. Simple because of the kind of lifestyle and environment we're living in today. So, most probably insurance companies are gonna get a lot of profit as the number of pensioners in the next 20-30 years will become lesser than today.
Now, people in this generation would rather enjoy their hard earned money to travel and enjoy life while they are still financially and physically abled. Thinking way ahead doesn't work for everyone though.
This is also the reason why most of these people are just depending on the government benefits when they retire.