At 37, heÂ's focused on today. Retirement?
"I think you just get bogged down in this day to day existence," he says. "You are living from paycheck to paycheck. ItÂ's hard to think of long-term financial goals."
Like millions of Americans, reports CBS News Correspondnet Jim Axelrod, the only sure thing for Colby and his coworkers is Social Security.
"Sixty-five," he says. "Show me the money, right?"
Wrong. New social security rules mean Colby or anyone born after 1960 wonÂ't be eligible to collect full benefits until heÂ's 67.
"ItÂ's very disturbing to find out another two years is tacked on after I spent my life putting into the pot," says Colby.
The age hike for full benefits is being phased in gradually, starting with anyone born in 1938. They have to wait until 65 years and two months to collect. How about early retirement at 62? Reductions in those payouts will also be phased in starting as early as next month.
The government figures encouraging Americans to work longer will stretch an ever-shrinking supply of Social Security money. The planÂ's been in the works for 16 years, but for most Americans are unaware of it.
The retirement planners pushing this message of change have another one: DonÂ't count on social security for much at all.
"IÂ've already heard proposals that people would like to see the retirement age for full eligibility raised to age 70," says retirement expert Don Blandin. "In fact IÂ've even heard people say to age 75."
Another two years in the bookstore would be more than enough for Todd Colby. Another 10? ThatÂ's a Â"novelÂ" idea heÂ'd like never to hear again.