Marge Hayhurst is 68 years old. Fifteen years ago she cashed in her retirement fund for a chance to start a restaurant with her husband.

"He was spending everything on the restaurant," she explains, "and away went my cd's and my 401 K."

The restaurant failed. So did her marriage. Marge lost her home and her financial security.

Today she lives in a subsidized apartment, and goes to work five days a week.

"I remember seeing my mother, she passed away in her early 50's, and I thought, 'Oh she worked up until the day she passed away,' and I thought--I don't want to be doing that. I just don't. But here I am."

If you feel sorry for Marge--experts say look in the mirror. If you are 35 or older--and aren't putting aside at least $200 a month, you won't see a retirement--not at 65.

Einar Schow, President of Debt Free Living, tells us, "It's really rare for me to see someone come in with a really healthy savings account outside of a 401 K. And even most of the 401 K's have less than $10,000 in them. And these are people in their 50's."

It's a simple, and scary reality -- Most Utahns aren't saving enough. Some reasons we heard:

"Just raised a family and not thought about it--just gone with the flow."

"Forty years old." Reporter: "How much have you saved?" "$550! Ha!"

"I'm not even thinking beyond the millenium."

The average American saves only two percent of his or her paycheck. We spend an average of 18 percent of our income to pay off our credit cards and car loans.

You've heard it before -- baby boomers are "the" consumer generation. Big spenders -- in for a big fall.

"We always think it's gonna be great and it has been, why shouldn't it continue? But it can't, it won't," experts warn.

So, how much should you be saving?

If you start at age 35-- in order to retire with 75% of your yearly income, you should be saving at least 5.8% of your pre tax paycheck.

If you wait until your 40's to save-- that number jumps to 15%.

"Baby boomers, please, please save what you can. And even if you think it's too much-- put a little bit more in."

Financial Experts say way too many of us are living only for the moment, banking on a dream. But until that ship comes in, experts say you better save like there is a tomorrow.