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So you know there's a lot of perspectives
out there around retirement.

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And I think that most people aren't
where they should be.

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We just did a survey last year
and found that like 90% of,

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respondents thought they were kind of
on track for retirement

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and only 30% had a financial plan.

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And so I think the issue is,

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is that Americans of, as Jay noted, aren't
saving enough for retirement.

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But I don't think
we have a retirement crisis.

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Someone might disagree with me here.

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But, you know, if you look at the measures
of retirement outcomes, people,

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when they retire, at least in the U.S.,
are better off than they were.

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And so I'm not focused so much on the gap.

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It's there. We're improving it.

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I think a larger issue
is just the accumulation,

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giving people a pot of money when they
retire and say, hey, go spend this.

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That's not working.

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And so I think that that as we,
as we advance retirement globally,

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we've got to think about
how do we help people actually

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to accumulate their wealth
to have the retirement they want.

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So how should we be thinking about it?

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Can you take it a step further?

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Yeah. I mean, I think that like it does.

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My example is you can't really turn ants
into grasshoppers, right?

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If you spend 30 or 40 years of your life
accumulating wealth, and at

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least in the U.S., you get a statement
every quarter that has your balance on it.

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You don't want to spend that balance.

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And so I think, I think getting people
into a spending mindset,

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into a lifetime income mindset
that eases that burden.

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I've done some research
that talks about people

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they don't spend their savings,
they don't spend wage

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income, capital income, any of that.

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They spend lifetime income.

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And so how we frame and create solutions
for investors, it needs to move

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beyond just like spreadsheets
and projections to say, hey, behavioral.

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What actually moves the needle on spending
that things like lifetime income.