What needs to happen ASAP is for children to be educated of the necessity to plan AHEAD for aging, retirement, and medical care. Instead of the sticker shock of sudden age and infirmity, they should be educated to...get educated, seek jobs that provide retirement benefits including eligibility for a health care plan. Don't be dependent on any government plan for free medical care.
My parents had no such discussion with me. Luckily, I knew I didn't want to live with them forever. I knew I would need a regular source of income, and this required an occupation. Preferably one I would like, one with many job openings, and one with BENEFITS. Luckily I fell into a good situation, by God's grace. At the time of my retirement (with a pension and health care) I saw the youngsters bouncing job to job when the current job got hard. Maybe the next job paid a dollar an hour more, but did it have a retirement plan? Would the company provide continuation of a health insurance plan? I know when they worked with me they were loathe to contribute more than the minimum to their retirement, and invariably they cashed it out when they left.
Or, marry into wealth. But that isn't a given.