"[T]he reason why the U.S. is among the pension poorest in the world isn't that not enough people are covered by a 401(k) plan, but that those who are receive a measly matching contribution equal to 3 percent of pay. That compares to 9 percent for Australia, 11.8 percent for Denmark, 8 percent for Hungary, 6.5 percent for Mexico, 7.3 percent for Poland and 9 percent for Slovakia. A 2008 report on retirement savings for Australians projected that Australians in their 20's and 30's are projected to have assets of between $500,000 to $700,000 when they retire -- compared to a median balance of less than $100,000 for the typical American retiree. To simply require all U.S. employers to set up an inadequate plan is a disservice to the American population."  MORE >>