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.”
I like the political optimism, but where was this huge shuffle of politicians you describe that ousted the moderates? Most of the people in office now are the same as before.
Go have a look at what the new DNC chair has been saying. He is, at least, making some of the right noises.