. >> in dearborn, michigan, terry and donna mcnally are barely holding on.n august. the condo they bought 15 years ago is worth less than their mortgage, and 40% of his 401(k) retirement savings is gone. donna is the main provider now... >> let me hear you count to ten. can you count to ten? >> one, two, three... >> running a day care center out of their home. >> both: seven, eight, nine, ten! >> are you here for joan? >> yes. >> terry considers himself fortunate to have found part-time work greeting the bereaved at a funeral home and making lattes at starbucks, >> it's tough, but i'm proud of him at his age to be doing what he's doing. >> the 401(k) drop was tremendous and is tremendous at this point in time. and that's where the savings was, you know? that's our hurt right now. >> we can't live our vision of our dream of retirement. that's the worst part. many people can't. [ticking] >> coming up, the 401(k) lobby says the plan is not the problem. it has let down tens of millions of people at the time they need the money the most. >> that's not a 401(k) pr