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.”
Right, this is a facet that a lot of people don’t get. I’m also more worried about smacking my toe on a table leg than I am of death, because I’m just not at all worried about death. When the game is over, it’s over.
Not having enough money to live sounds horrible though.