Certainly we grew up understanding that if we at least owned our own home, we would be able to exist on a pension, that the consequences of not doing so would make being on a pension more akin to penury... Nanna and Poppa owned their own home, Mum and Dad were relatively close to doing so on a low interest war service home when Dad died and Mum was jubilant when she paid the last instalment... and I now have an encumbrance free land title ... though should have had this year ago. It's still hard coping on a pension - and I even have a small super pension, although again I should have had much more.
Not to have this capacity is going to be difficult for young people... although some will clearly be advantaged as beneficiaries of those who have fared extra well in the widening of the income inequality gap.