Two in three (63%) Americans worry more about running out of money than death, up from 57% in 2022. Concerns about inflation, Social Security, and taxes contribute to the fear.
- That’s according to the 2024 Annual Retirement Study* from Allianz Life Insurance Company of North America.
Gen Xers are the most likely to say this with 71% more worried about running out of money than death, compared to 64% of millennials and 53% of boomers.
By the numbers: High inflation (43%) is the most common concern contributing to worry about running out of money.
- Boomers (48%) were more likely than millennials (44%) or Gen Xers (39%) to say high inflation contributes to their concern about running out of money.
