Bear Market Silver Lining?

Robert J. Samuelson argues that the bear market may be a good thing in that it will discourage people from retiring early. He also says,

As a society, America needs to have people pay for more of their own retirement -- as opposed to having someone else pay.

He is referring not only to Social Security but to employer-funded pension plans. Instead, he is suggesting that people will make better decisions if they are given responsibility for choosing their level of saving.

Discussion Question. Do you think that most people would save sufficiently for retirement if they were given that responsibility?