Nearly two in three Americans (64%) worry more about running out of money than death.
Americans Fear Financial Instability More Than Death
According to a new survey, nearly two in three Americans (64%) report worrying more about running out of money than about dying. This figure highlights the financial anxiety many feel in today’s economy. Top contributors to this fear include high inflation, cited by just over half (54%) of respondents, concerns that Social Security will fall short (43%), and burdensome taxes (43%). The data paints a bleak picture of how economic pressures are reshaping the nation’s collective outlook.
Inflation Hits Older Generations Harder
While economic pressure affects all age groups, Boomers (61%) are more likely than Millennials (56%) or Gen Xers (55%) to cite high inflation as a factor behind their financial fears. With prices for necessities continuing to climb, many Americans find it increasingly difficult to feel secure about their financial futures. Inflation’s outsized impact on older generations suggests that even those nearing retirement are not immune to growing monetary stress.
Saving for Retirement Feels Out of Reach for Many
Saving for retirement remains a major challenge, with nearly two-thirds (62%) of Americans saying they are not saving as much as they would like. The most mentioned reason is that everyday expenses take priority, named by nearly two-thirds (63%) of respondents. Credit card debt (40%) and housing costs such as mortgage or rent payments (35%) also prevent many from setting aside money for the future. These findings underscore the tough financial balancing act that millions are facing daily.
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Americans Are More Worried About Running Out of Money Than Death
Research publisher
Allianz Life Insurance Company of North America (Allianz Life), has been trusted since 1896 to help millions of Americans prepare for financial uncertainties and retirement with a variety of innovative risk management solutions. Allianz Life is a leading provider of fixed index annuities, registered index-linked annuities, and indexed universal life insurance. Additionally, Allianz Investment Management LLC (AllianzIM), a registered investment adviser and wholly owned subsidiary of Allianz Life, offers a suite of exchange-traded funds (ETFs). Allianz Life and AllianzIM are part of Allianz SE, a global leader in the financial services industry with more than 157,000 employees in nearly 70 countries.
Methodology
Allianz Center for the Future of Retirement conducted an online survey, the 2025 Annual Retirement Study in January/February 2025 with a nationally representative sample of 1,000 Respondents age 25+ in the contiguous U.S. with an annual household income of $50k+ (single) / $75k+ (married/partnered) OR investable assets of $150k+.
The Allianz Center for the Future for Retirement produces insights and research as a part of Allianz Life Insurance Company of North America.
