The main problems are insufficient diversification and the failure to pick age-appropriate strategies - that is, more aggressive when you're younger, and more conservative when you approach retirement. But even then you have to invest for growth.

Journalists cover words and delude themselves into thinking they have committed journalism.

Russians will consume marinated mushrooms and vodka, salted herring and vodka, smoked salmon and vodka, salami and vodka, caviar on brown bread and vodka, pickled cucumbers and vodka, cold tongue and vodka, red beet salad and vodka, scallions and vodka-anything and everything and vodka.

Only if enough ordinary Americans speak up and demand better from both their employers and their government is the system going to get fixed. But first of all, we have to understand how serious the problem is.

If the experts are right in their calculations, then we face the prospect of millions of people retiring into poverty from the American middle class in the years ahead. That has all kinds of social and economic consequences. We need to anticipate those and start tackling the problem in a constructive way.

It is absolutely stunning. You cannot read numbers that communicate what the reality is. That's part of what I'm trying to get across and that's partly why I use video.

The main problems are insufficient diversification and the failure to pick age-appropriate strategies - that is, more aggressive when you're younger, and more conservative when you approach retirement. But even then you have to invest for growth.