http://www.time.com/time/business/article/0,8599,1929119,00.html Is it time to go back to pensions? I am heartbroken. I see more old people, particularly older women, begging on busy streets. These are not scammers. I understand that the logic doesn't follow between what I see on streets and the 401k situation, but by gawd man, the population is aging rapido and if something is not done, our parents are going to be on the street! I am ashamed to live in the richest nation in the world that has allowed it's elderly to be treated like this. The 401k system doesn't work, at least not without supplement. It is probably too late for the generation that are now becoming seniors, but must it be so forever?