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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.
Published by
Darryl Hicks
Darryl Hicks is Vice President of Communications for the National Reverse Mortgage Lenders Association. In this capacity, Hicks writes for NRMLA's publications, manages the association's web sites and social media accounts, assists committees and the Board of Directors, and manages the Certified Reverse Mortgage Professional designation. Prior to joining NRMLA in 1999, Hicks spent three years in the Washington, D.C. bureau for National Mortgage News.
