Americans fear running out of money more than death, Allianz survey finds
Updated
Updated · USA TODAY · May 4
Americans fear running out of money more than death, Allianz survey finds
6 articles · Updated · USA TODAY · May 4
The annual survey found 67% chose exhausting savings over death, the widest margin in five years, among 1,000 US adults aged 25 and older meeting income or asset thresholds.
Allianz and retirement experts cited longer lifespans, inflation, rising healthcare and long-term care costs, and the decline of guaranteed pensions as key drivers of retirement anxiety.
Separate Transamerica research also ranked long-term care, Social Security cuts and outliving savings among top fears, as assisted living averages $6,200 a month and Social Security faces a possible 28% benefit cut.
Why do most Americans fear retirement when three-quarters of actual retirees report feeling financially secure?
Beyond just saving more, what is the most overlooked strategy for securing retirement in an age of high costs?
With Social Security's future uncertain, what is the most reliable way to create your own personal pension?