A 62-year-old employed 'peak boomer' in California makes too much for affordable housing but lives in her car: 'I'll work until I drop'

• Cheryl Simmons, a parking lot attendant, lives in her car but makes too much for affordable housing.
• Despite earning $42,000 annually, Simmons cannot afford rent and barely has savings left over.
• Many 'peak boomers' are not financially ready for retirement, with 52.5% having under $250,000 in assets.

Cheryl Simmons, 62, thinks she'll have to "work until I drop."