{"id":83664,"date":"2025-09-24T23:13:21","date_gmt":"2025-09-24T23:13:21","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/83664\/"},"modified":"2025-09-24T23:13:21","modified_gmt":"2025-09-24T23:13:21","slug":"64-worry-more-about-running-out-of-money-than-death-itself","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/83664\/","title":{"rendered":"64% Worry More About Running Out Of Money Than Death Itself"},"content":{"rendered":"\n

Imagine being more afraid of going broke than dying. 64% of Americans say that running out of money in retirement scares them more than death itself, according to an Allianz Life survey<\/a>.<\/p>\n

Many factors and economic pressures are causing this fear of running out of money, but rising prices are the biggest culprit. 54% of those surveyed said inflation is what keeps them up at night. Beyond inflation, 43% are worried that social security will not provide as much financial support as they need in retirement, and 43% are anxious about high taxes eating into their savings.<\/p>\n

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Americans worry about running out of money across generations, but Gen Xers, who are getting closer to retirement age, are the most nervous at 70%. Millennials aren’t far behind at 66%. Even 61% Boomers, who are already in or near retirement, still have the same fear.<\/p>\n

Despite the overwhelming concern, not many people are taking actual steps to protect themselves from financial troubles in their golden years. The survey found that only 23% have talked with a financial professional about how to make their money last, down from 28% a year earlier. And 62% say they are not saving as much for retirement as they would like.<\/p>\n

It seems that most Americans are clearly aware of the stakes, but awareness isn’t enough. When asked what might help ease their retirement fear, 44% said to save more for retirement<\/a>, 41% said cutting back on current spending and 39% responded working longer and delaying retirement. These sound straightforward, but they can be tough to pull off if you’re living paycheck to paycheck.<\/p>\n

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If you’re worried about running out of money when you stop working, here are a few steps you can take now to ease that anxiety.<\/p>\n