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.”
Can’t physically fix things you used to be able to fix on your own and have to rely on outside (and not always honest) help. So many elderly folks taken in by contractors, scammers, thieves…it’s really sad.