"What's created in a 401(k) world other than companies that are gradually unburdened by health and retirement expenses? A void. Retirees won't have enough to live a comfortable lifestyle in their most vulnerable years. Either old-age poverty increases dramatically like it did before the New Deal/Great Society programs like Medicare kicked in, or the government steps up to help people save for retirement and blunt the oppressive risk of being bankrupted by health-care expenses."  MORE >>