That’s the plan. Demographics shows that age groups start seriously shrinking at 60-70. Half of the people who make it to 60 die by 70. And it halves again by 80.
Retirement past 60 was always more about the rich seeing them as less useful than it was about “golden years”. And not being able to access your Roth IRA until after the age group starts seriously shrinking is just fucking crap. Pumping money into the stock market that many people will never see again.