The two obvious choices are to trim benefits and/or increase taxes, but there are still tough decisions to make.
Nearly all their anticipated safety nets have developed gaping holes, and few have saved enough.
The report predicts there will be 11.1 million people 65 and older still working by 2018, nearly twice the current number.
Without successful careers to lean on, some guys could be feeling less confident about themselves.
But that doesn't mean they will, especially if their longer-living parents blow through it in their final years.
Delaying retirement may make financial sense, but poor health and age bias make working longer impossible for many.
'You can't take it with you' also applies to credit card bills. But what kind of a retirement strategy is this?
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MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
The IRS is struggling to combat identify thieves who file fraudulent tax returns in the names of older residents who don't need to file.