Nearly a third,or 31% ofU.S. adults said they had no savings or pension to help them afford retirement, according to the Federal Reserve Board.

Even more alarming: 19% of those very close to retirement age, between the ages of 55 and 64, said they had no savings.

As a result, more than half said they planned to either work full-time or part-time during their retirement years.

Meanwhile, a quarter of those surveyed said they didn't know how they would afford their golden years. The Federal Reserve Board survey, which took place last year, polled more than 4,000 working and retirement-age Americans on everything from retirement savings to student loan debt.

Any ideas on how to change this? If you have a plan, please share.