Nearly two-thirds of Americans say the anxiety over retirement finances greatly outweighs their fear of dying, according to a new survey published this week by Allianz Life.
The 2025 Annual Retirement Study found that 64% of Americans across age groups fear losing all of their savings more than death due to a variety of economic and social pressures. Gen Xers (those born between 1965-1980) lead all generations with 70% citing a fear of financial ruin followed by millennials (1981-1996) at 66% and baby boomers (1946-1964) at 61%.
“With Americans living longer in retirement and facing risks like market volatility, creating a financial strategy so that your money lasts your lifetime is a daunting task,” said Kelly LaVigne, VP of consumer insights at Allianz Life. “A strong retirement strategy will go beyond a dollar amount in the bank – it will also address how you will create a reliable income stream from your assets. A financial professional can design a strategy to help ease your worries about running out of money.”
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