The move away from defined benefit pension plans to defined contribution plans has coincided with stagnant wage growth and no growth in wealth for roughly half the U.S. population. The impact is devastating. How can anyone expect these individuals to meet their basic needs of housing, food, insurance, clothing, education, etc. while also diverting a sum of money to a future liability? It isn’t happening and it won’t! We need to preserve and protect the traditional DB plans that remain, while also figuring out how we can get the bottom 50% participating in our economy to a greater extent.