The pandemic and corresponding economic uncertainty caused major stress for Americans in the last two years. It led many people to reevaluate or veer from established plans. Some are just fatigued from thinking about their finances.
Anxiety remains, especially for people who have yet to retire.
According to the 2022 Retirement Risk Readiness Study from Allianz Life, 63% of pre-retirees fear running out of money more than death. At the same time, just 46% of retired respondents expressed the same fear.
The survey, conducted in February, asks three groups about retirement: pre-retirees (those 10 years or more from retirement); near-retirees (those within 10 years of retirement); and those who are already retired.