Why Do We Still Have a Retirement Crisis?
Um... because hardly anyone has a pension anymore, that's why.
Because most Americans don't make enough to live and save for retirement.
Because even if you do save, you'll never save enough to have the 2 million dollars you'll need for a secure retirement of 20 years or so, with medical insurance.
This isn't rocket science; greedy employers screwed their employees out of a pension back in the 1980s, and the American people were sold a bill of goods called a 401k. It's a lie; 401Ks don't work unless you're rich, really rich.