those people are the test subjects in america's three decade experiment in funding requirement privately. out with the pensions and in with the 401(k)s. that experiment is failing. >> 401(k) plans really place the burden on the individual participant to have an adequate retirement. and the vast majority of ordinary people don't know how to do that, it's a very complex task. >> many americans over the age of 65 are struggling to make ends meet, even with social security benefits. >> gloria hobbs says without her social security checks, she would be homeless for sure. and even with that money, hobbs still struggles. >> sometimes what i do is fill half of the prescription and take a half a pill, which is not good. >> the crisis has prompted a