Debt dims boomers' retirement prospects

``A majority of pre-retirees in the study -- 53% -- think they will pay off their debts before retirement, but only 23% of current retirees report being debt free. Six in 10 boomers who are still working said they are spending as much or more than their household income, according to the study "Paying for the New Retirement: Responsibilities and Challenges for Middle-Income Boomers." That makes it difficult to build their retirement nest egg.''