Many retirees find it challenging to transition from saving to spending, often underspending in retirement. A related study shows Americans prioritize happiness over wealth as a success metric. Meanwhile, renters, especially those earning less than $25,000, face significant financial hurdles, with median net worth much lower than homeowners. Earning strategies and asset ownership are crucial for renters. Notably, generational differences in perceiving success highlight a growing gap between desired and actual earnings.