Story perspectives

64% Fear Retirement Losses More Than Death: Survey

4/27/2025

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Summary

Story summary

A recent Allianz Life survey shows 64% of Americans fear losing retirement savings more than death.
Financial anxiety is highest among Gen Xers (70%), followed by millennials (66%) and baby boomers (61%).
Only 23% have consulted financial advisors about concerns, a decline from 28% in 2024.
Major saving barriers include high inflation (54%) and insufficient Social Security (43%).
The study involved over 1,000 respondents aged 25 and older in early 2025.

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Story summary

A recent Allianz Life survey shows 64% of Americans fear losing retirement savings more than death.
Financial anxiety is highest among Gen Xers (70%), followed by millennials (66%) and baby boomers (61%).
Only 23% have consulted financial advisors about concerns, a decline from 28% in 2024.
Major saving barriers include high inflation (54%) and insufficient Social Security (43%).
The study involved over 1,000 respondents aged 25 and older in early 2025.