I think though we (country) are emphasing the wrong goal. Like I said SS was never meant to fund anyones retirement especially now that we are living so long. I think we should really kick up how to get more people to save, how to get more young workers to learn about compounding interest.
When I was a kid you got reward for saving (monetarily). you got toasters, green stamps, prizes for saving. How do we increase the rate of 401K contributions (I think only some thing like 30% participate).
eliza if you figure out how to increase 401k participation I would love to know. I am a HR Mgr and we have a dismally low participation rate. We have a good plan and even have a consultant who can give limited advice on what option to pick but I haven't had a new enrollee in several quarters.
Even more distressing is when people leave and opt to take a payout (with penalty) over rolling the funds into a difference account.