Credits: Social Media
A staggering 61% of Americans are more afraid of retirement than death
Though death is inevitable and enterally mysterious, 61% of Americans are more fearful of retirement than the moment they finally go six feet under.
For as long as humans have been around, we have been obsessed with dying and attempting to make our lives longer. Though some methods can extend your life expectancy, from vegan diets to hanging like a monkey, death is going to happen either way. But now it seems most Americans are more focused on another aspect of life.
Americans hate the thought of retirement
If you are a working American then retirement is probably something in your future. The exact age of retirement may change despite studies suggesting it should stay the same.
While some people are constantly joking that they can’t wait for retirement, it seems the majority of Americans would rather put off their well-earned rest forever.
In an August survey from LiveCareer, it was highlighted that 61% of working Americans are more afraid of retiring than of dying. A further 64% are more afraid of divorce, suggesting that relationship issues are at the forefront of American woes.
While you can’t do anything to avoid retirement, except continue working, it might be worth checking the top divorce reasons courtesy of lawyers.
Retirement is at the forefront of working troubles, with 54% being more afraid of it than being fired, and 53% preferring to have ill health over retirement.
Financial issues seem to be the root of retirement worry
When it comes to reasons behind the retirement phobia, most Americans reported financial issues as the root cause. 39% felt they’d be a financial burden to their loved ones as 39% said they didn’t have enough money saved up.
It makes sense given that 27% of Americans feel they need at least $500k to live comfortably through retirement, 26% theorize $250k, and 6% under $100k.
In comparison, most people (27%) had saved between $10k and $50k, with only 14% saving the previously designated target of $500k.
Rising costs of just about everything have contributed to the fears (59%), though 52% admitted to poor spending habits in their youth that they believe will come back to bite them.
Ultimately, it seems as though up-and-coming retirees could benefit from Gen Z’s loud budgeting trend.
