Paying for Retirement Is Now Your Own Problem - Newsweek:
"You’ve heard of the Social Security crisis. And you’ve probably heard that the pensions promised to state employees are terribly underfunded. And maybe you’ve even heard that most Americans don’t have enough money in their 401(k)s.
Too often, these are three separate conversations. They shouldn’t be. We don’t just have a Social Security problem or a 401(k) problem. We have a retirement-security problem. And when we look at one or another piece in isolation—as most of the deficit-reduction proposals do—we run the risk of making it much worse. To be more specific, we run the risk of continuing the great risk shift of the last decades of the 20th century, in which uncertainty that was once borne by employers and the government has increasingly been shunted onto individuals..."