When it comes to the fear that keeps Americans up at night, death may loom large but for most there is even a more terrifying threat: going broke in retirement, the Yahoo News website reports today (July 6, 2023).
A remarkable 61% of respondents expressed that fear in a recent survey conducted by Allianz Life insurance compay.
Almost half of respondents to the survey said they have stopped saving for retirement due to recent financial crises, leaving them in danger of outliving their money.
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