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?
VIDEO ON MSN MONEY
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
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.
Cheap LED light bulbs cost more upfront -- between $8 to $10 apiece -- but begin to pay off within 18 months.
Six weeks later, most Americans have forgotten about the 2014 tax season -- except those who didn't file by the April 15 deadline.
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'