“A lot of Americans who are approaching retirement are adopting the point of view that the government is going to take care of them,” says Paul Hodge head of the Harvard affiliated Global Generations Policy Institute. “But the government’s not going to be able to take care of them”. He says that people should heed the Aesop fable of the carefree grasshopper, who plays all day, and the ant, who plans for hard times ahead, when it comes to preparing for their retirements. The problem is, he says, “We have a lot of grasshoppers running around right now.”