The stock market does exactly what it is supposed to do; it moves money from one pocket to the pocket of someone else, and it consistently moves it to fewer and fewer pockets.
The biggest crybabies after current pension reform were the bankers. Suddenly they started to care about poor people and said if the poor take out all the money and spend it then they will never get a proper pension. An average amount of additional pension from funds to the state pension for average joe is about 10-15000 dollars that is divided to years they expect you to live after reaching to pension age. About 20-30 dollars additional to state pension per month. Can you see how pointless is this? What can you buy with 20 dollars 30 year from now? A cup of tea?