I know I'm not saving enough for retirement, and a lot of my friends are in the same shape. How common is this, and what can people do about it?
Quite common. This problem is highlighted by the American Savings Education Council. The last week of February was America Saves Week, but few people are aware of this designation or are concerned about it, though they should be. Research shows that Americans collectively are several trillion dollars short of where they should be regarding retirement savings.