From KCRW in Santa Monica and PRI, Public Radio International, this is To the Point.

American workers and the retirement squeeze.

Hello again, I'm Marvin Alney, and this is To the Point from Public Radio International.

The daily look at the issues Americans care about most.

For the first time since the New Deal, retiring Americans will be worse off than their parents,

and it's not just because of the Great Recession.

Guaranteed pensions have been replaced by 401Ks, but they make more for the financial industry than they do for retirees.

There's a growing consensus that more than half American workers over 30 will be

unprepared for retirement.

Can popular personal finance advisors help?

Are wage earners at fault for spending instead of investing?

Or are they just not making enough money?

On reporter's notebook later on, the papacy has ended for Benedict the 16th. First,

here's the news.

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Support for To the Point comes from the members of KCRW and from the Public Radio International Program Fund.

Hello again, Warren Olney, back with To the Point.

America's population is aging, but retirement won't be what it used to be.

Research shows that more than half the current workforce will not be prepared.

Are workers themselves to blame?

Can they go alone with 401Ks?

...