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.”

  • Jo Miran@lemmy.ml
    201·
    18 hours ago

    This is my wife and I. Worse is the fact that we both started our lives dirt poor. The first place we lived together in had a literal hole in the wall and rats in the laundry room, but we only paid $275/month for it. We skipped meals, and all around struggled to survive, but we were young. Being young and full of energy, we had hope that we could and would be able to work our way up. Thirty years later we are wealthy, but the fear that we don’t have enough and we’ll spend our last days back in that misery and wishing to die is unbearable.

    If the dollar tanks and a lifetime of struggle and misery proves pointless, I’m not waiting around for a slow death in a wretched “life”.