61 Percent of Americans Are More Afraid of Going Broke Than Dying

A recent Allianz survey reveals that 61% of middle-class Americans fear running out of savings in retirement more than death. The study, which gathered responses from 1,000 individuals aged 25 and up, defined the middle class based on investable assets or annual income. This significant apprehension emphasizes the role of Social Security in ensuring financial stability during one’s golden years. Alarmingly, 56% see recurring “financial crises” as a norm in retirement planning, with 46% saying their retirement strategies have been affected by the crisis starting in March 2020.