Yes, all of you baby boomers out there are feeling the pain, my own parents included. The meltdown of the stock market after the crash of the financial industry has likely left your retirement in shambles at best. Who knew, after all that campaigning against Social Security, that you were going to need to depend upon it?
Having said that, your pain doesn't matter in the long run. It's a symptom, not the problem. The problem is the systemic failure of the free market to control fraud. If you were invested in a non-market, religious based retirement system like the Knights of Columbus annuity, you'd find that you wouldn't have the losses that you do in the open market.
Subsidarity and Solidarity- these are the watchwords of the Catholic Church's preferred economic system, and these are the watchwords of the Knights of Columbus in what they invest in. That is also where we should be headed. Manufacturing and service should be done at the lowest level of complexity possible, that's Subsidarity. Your immediate neighbor is your brother in the fight against international centralization- and you should stand in Solidarity with him.
Only with these, can we rebuild our world. The time of centralized markets like the NYSE and the DJIA is over. The time of localization has come. Want a real retirement? Find a need in your local community and fill it- and you'll never need to retire.