the economy is screwed

I thought I had written this before here, but I don't see the post anywhere...

This is why I think things are screwed... for any individual person in today's world, we expect:

$100k to go towards college
$300k to go towards buying a house
$1000k towards retirement (that would be about 50k a year for 20 years... puny)
$100k over a few cars over a lifetime

Total, that's about $1500k. Let's say that we have 50 years of making money. It's way on the high side, but even then we would need to have an extra $30k a year to cover all of this. This does not include any day to day expenses like FOOD, utilities, or having fun. At best, we're barely scraping by. At worst, we're blind to our complete insolvency.