Yglesias is dead on that the best way for people to “invest” in their retirement is a functioning social security system. The average person probably doesn’t have the time, skills, and/or interest in managing a retirement portfolio. As I am finally getting some kind of retirement benefit, I almost feel like seeing what I can do with it. As a game of course, because I don’t really believe I’ll ever have the money to retire or even that the money will be there in 2045 or what not. A society as rich as the United States can easily fund a proper social security system that would allow average people to retire with dignity; everything on top of that should be frosting. But then Wall Street might not make quite as much money and we couldn’t have that.