The Associated Press' Dave Carpenter reports on how the disappearance of pensions, the failure to save, the underperformance of 401(k) programs, and the deflation in housing will hit baby boomers on the verge of retirement: Hard. Carpenter writes, "Too many boomers have ignored or underestimated the worsening outlook for their finances, says Jean Setzfand, director of financial security for AARP, the group that represents Americans over age 50. By far the greatest shortcoming has been a failure to save. The personal savings rate - the amount of disposable income unspent - averaged close to 10 percent in the 1970s and `80s. By late 2007, the rate had sunk to negative 1 percent." Bummer.