A local oil change place told me that my power steering fluid needed to be replaced or bunch of bad things will happen. My car has about 120k miles and I don't recall if the power steering fluid has been changed. I am the original owner.
Should I have the power steering fluid flushed and changed? on 2000 Honda CR-V
As with all fluids in your car power steering fluid can break down and not work as well as when it was new. Changing the power steering fluid is a good maintenance item. It will help extend the life of the power steering pump as well as the steering rack. However, it is a maintenance item so it isn't anything that will cause you to break down.