Special Report: Savings ShortfallUpdated: Tuesday, April 21 2015, 11:11 AM EDT
Boston College's Center for Retirement Research estimated 53 percent of American's won't have enough money to maintain their lifestyle in retirement. The National Institute on Retirement Security puts the shortfall at a staggering $6.8 trillion or higher. More than half of workers do not have retirement plans at work, according to the white house.
But people trying to save for retirement say it's "nearly impossible" because of debt, rising prices and low wages. On Track Financial in Asheville says too many people are struggling with too few jobs and can't find room in their budgets to save.
By Frank Fraboni