Katz, you said you have about 7 years until retirement. That would put you in your 50's - and you are a pretty savvy person as demonstrated by your writings.

Do you honestly feel as though the workers just starting out in the workforce would actually save on their own from each paycheck for a retirement account and manage it well enough to have a comfortable retirement?

Personallly, I believe that they would not save in a retirement account and would realize when they are in their late 40's or so that they had better start - and by retirement age would have very little saved for retirement income to last the rest of their lives. Of course, this is not 100% of the people but a good percentage - in my opinion.

At that time, without money to come in automatically each month, would you expect the Federal or State government to give you the money you need for shelter, food, clothing, etc or would you say it is your fault and accept living under a bridge in a refrigerator carton?