Americans are more scared of going broke in retirement than they are of death, study finds

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.

That's according to a new study from Allianz Life that surveyed 1,000 U.S. adults aged 25 years and older with annual incomes of $50,000 and above. 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. 

"It's much higher right now than it has been for quite a while," said Kelly LaVigne, VP of consumer insights at Allianz Life. The company has been polling people on the question of whether dying or running out of money worries them more since 2022.