In a shocking report released today, it has been revealed that the average income earner is just 158 years away from hitting the $3 million retirement savings tax threshold.

This terrifying revelation has sent shockwaves through the financial world, with many experts urging the government to take immediate action before it’s too late.

One economist warned that if we don’t act fast, “we could be facing a future where our nation’s double-centenarians struggle to even afford a second yacht.”

The average man on the street was equally concerned, with one interviewee stating, “How will I ever cope with this new multi-millionaire tax? I mean, sure I only make $80,000 a year, and wouldn’t reach the tax threshold even if I deposited half my paycheck for the next 75 years, but there’s a 0.0000000000000001% chance I might win $3 million on the lotto one day, so in the meantime I’m happy to pay more tax if it means billionaires get more money.”

In response to the report, the government has issued a statement reassuring the public that they are taking the matter seriously and are exploring all options, including time-travel technology to enable people to start saving for retirement in the 1800s.