Forty-five percent of retirement-age survey respondents express worry about outliving their savings, highlighting a significant concern regarding financial stability among retirees.
The survey found that 43% of respondents would rather die sooner than outlive their savings, reflecting deep anxiety about declining quality of life.
About one-third of retirees claim to have spent too much of their savings, and nearly half believe the media misrepresents retirement's realities, causing alarm.
With an average retirement savings of $308,000, which is only half of the recommended $600,000, financial preparedness for retirement appears to be lacking significantly.
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