I think it's obviously in the self-interest of banks to scare people into saving more. Who benefits from that? Banks do. They want people to park large quantities of money with them at low interest so they can lend it out.
I should make it clear that, when I say “too much money”, it's not as if these people are living in palaces or anything; the point is that people are dying with positive savings. People in this country are not running out of money, for the most part, before they die. The idea that we're not saving enough and we have to increase savings because people are going to run out of money in their retirement, which is behind a lot of these plans to expand savings—