I think a better question than “are savers doomed?” is “are 401K’s doomed?”. As with government there are 3 basic checks and balances, stocks,bonds,commodities. Problem with 401k’s is you can only invest in stocks or bonds, so when the market in over valued and interest rates start climbing you are screwed as an investor with no where to turn. The rich can invest in gold/silver but the little guy will get squeezed as the proverbial turnip.