Summary
Faced with inflation, taxes and concerns over the size of Social Security benefits, most Americans are more afraid of going broke in retirement than they are of death.
In total, 64% of respondents across generations said they are more stressed about running out of funds in their golden years than the prospect of death.
Americans say they need $1.26 million to finance a comfortable retirement, yet the median amount saved is $87,000. “Certainly for boomers…inflation is a big deal.”
I used to make 100k at a job that I knew I wouldn’t be physically able to do in my 40s and 50s. Conventional wisdom says save it, build a big nest egg, plan for the future. Fuck that, I ate and drank and traveled it all away. 41 years old now making 30k. I’ve been everywhere, done everything I ever wanted. No regrets.