The majority of the Americans fear financial uncertainty in retirement than death, studies study

In the middle of the increasing inflation, tax pressure and uncertainty about social security benefits, most Americans fear financial ruin in retirement more than death. While they deal with the realities of longer life expectations, a growing number says that they would rather not live 100.

According to a new study by the Nationwide Retirement Institute and the American College of Financial Services, only 29% of the US -growing marks want to achieve the century mark. The main reasons for this reluctance are fears of financial uncertainty and falling health in old age. Alarmingly, almost three out of four Americans fear that they survive their savings, as the survey showed.

After a Press releaseThe research, which examines the financial effects and consumer mood in connection with the increasing life expectancy, shows how fragile the equation can be. According to the research of the college, the expansion of retirement increases the risk of 41%savings from 30 to 35 years from 30 to 35 years, based on historical market returns. And this risk is only intensified if the lifespan extends, especially in healthy pensioners with higher incomes.

An accompanying consumer survey by the Nationwide Retirement Institute shows that most Americans underestimate both their danger to life and the financial demands that brings this kind of durability. In fact, only 29% of those surveyed stated that they wanted to live for so long and call concerns about falling health and deep financial fears. About three out of four fear that they will run out of money before they have more time.

Today's volatile economic environment increases the use even higher. According to joint research, two out of five non -retired Americans (40%) state that they are delaying retirement due to inflation. And mathematics becomes sobering when it is taken into account in a low-project 10-year portfolio return: The expansion of retirement by only five years increases the risk that the risk after analyzing the college by more than 300%.

These findings send a clear message – the retirement planning planning requires a greater reset. Both consumers and consultants have to shift their way of thinking, prioritize the longevity risk and focus on guaranteed income strategies that can survive the uncertainty.

“Too many people underestimate how long they will live – and this blind spot can seriously undermine their financial security,” said Michael Finke, CFP, professor of asset management, director of the Granum Center for Financial Security at the American College of Financial Services and CO author. “We consistently see that those who are planning a longevity are more secure in retirement. The most important drivers of this trust? Cooperation with a consultant, access to guaranteed income and a plan that is long.”