64% of Americans Are More Afraid of Running Out of Money Than They Are of Dying, and the Allianz 2025 Retirement Study Explains Exactly Why Quick Read – 64% of Americans fear running out of money more than death itself, driven by inflation at 64% concern level, Social Security…
equacy concerns at 54%, high taxes and market downturns at 43%, and healthcare costs creating retirement insecurity. – Household savings capacity is collapsing—the personal savings rate dropped to 4% in Q1 2026 from 6.2% in early 2024—while the average retirement target sits at $3.3M with only 45% knowing how to convert savings to income and 47% lacking written financial plans. – The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE
The Allianz study makes the hierarchy of financial fear unmistakable. A clear majority of Americans report that the possibility of running out of money outweighs the fear of death itself, a finding captured in the line from the report that says “64% worry more about running out of money than death itself.” When respondents were asked to compare the two outcomes, retirement presents, the end of their savings carried more weight than the end of their lives. The sources of that anxiety are spelled out in the data.
High inflation tops the list, with 64% citing rising prices as a driver of their concern. A significant share, 54%, worry that Social Security will not provide enough support. Several pressures cluster together at 43%, including high taxes, everyday expenses becoming unaffordable, and the possibility of a market downturn eroding savings.