"Companies and politicians know a problem, of biblical proportions, is brewing in America when tens of millions of Americans cannot afford to retire and their companies want to replace them with younger, cheaper employees. Who is to blame? Start with Wall Street that convinced thousands of companies to dump their defined [benefit] plans and transfer investment risk to their employees. You could blame the companies that went along with Wall Street. You could blame the politicians who let this happen, but most of them are retired. Or, you could blame Americans who do not have the income and discipline to save on their own. The only practical solutions are deferred retirement dates and part-time jobs. The war is coming and 78 million baby boomers will light the fire."