re: 1 in 6 millennial: $100k saved in bank

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Let’s just ignore the fact that 2008-2009 wiped out a lot of people or at least set them way back in their retirement plans. Add the fact that interest rates for investing cash absolutely suck and it’s not hard to see why things are the way they are.

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Equity isn't "real." It only really matters at the point of sale. Example: If I bought a house in 2005 for 200k. Now let's say in '08 the house was only worth 125k because of the economic downturn. I'm out exactly $0 if I don't sell the house. Present day that same home is worth 300k due to appreciation. Until I sell it I've realized $0 in gains.

Don't take me as discrediting equity. Trust me I understand the concept and realize its importance, but it's just like someone that wants to sell their car because they're "upside down" on the payments. If they keep it for 10 years it's really irrelevant that they were upside down in year 3.

You can try to spin this anyway you want. Boomers are around 60 years old. If they saved for retirement in 1990 they would have significantly appreciated stocks despite the recession, but they didn't.