Allianz survey finds that nearly two-thirds of Americans are more worried about running out of money in retirement than they are about dying.

Summary

Faced with inflation, taxes and concerns over the size of Social Security benefits, most Americans are more afraid of going broke in retirement than they are of death.

In total, 64% of respondents across generations said they are more stressed about running out of funds in their golden years than the prospect of death.

Americans say they need $1.26 million to finance a comfortable retirement, yet the median amount saved is $87,000. “Certainly for boomers…inflation is a big deal.”

  • knightly the Sneptaur
    101·
    2 months ago

    Go have a look at what the new DNC chair has been saying. He is, at least, making some of the right noises.