"What Americans are afraid of has shifted from market crashes to grocery receipts. The Allianz study found 64% worry more about running out of money than about death itself. The top-ranked threats are high inflation (54%), Social Security not providing enough support (43%), and high taxes (43%). These reflect everyday cost pressures rather than portfolio anxieties."
Overall financial confidence dropped 13 percentage points from 2020 to 2025, decreasing from 83% to 70%. The decline varies by generation, with Millennials at 61% confidence, Gen X at 72%, and Boomers at 76%. Confidence also differs across racial demographic groups, ranging from 68% to 75%. Independent sentiment indicators align with the same downward trend, with the University of Michigan Consumer Sentiment Index at 48.2 in May 2026, down from 61.7 in July 2025. Fear priorities shift toward everyday financial strain, with 64% worrying about running out of money. High inflation, insufficient Social Security support, and high taxes are the top concerns.
Read at 24/7 Wall St.
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