We are a nation of gamblers. We wager more per capita than any other country on earth. But it is one thing to enjoy a flutter on the ponies and another to let the government turn saving for your old age into the financial equivalent of retirement roulette.

How did we let that happen? Who dreamed up the idea that you should be expected to have an appetite for risk at an age when you don’t even know if you ‘dare to eat a peach’ as T.S.