✉news BusinessBusiness first seen 2 d ago, last 1 d ago, peak #19
Older Americans fear spending their retirement savings
Original: Older Americans spent decades building their retirement nest eggs — now they're afraid to spend them
Many older Americans who spent decades building their retirement savings are now hesitant to spend that money, despite reaching retirement age. The reluctance reflects deep anxiety about outliving their nest eggs amid economic uncertainty, rising costs and volatile markets, leaving retirees holding back on spending even when they can afford it.
Why now: Concerns about inflation, market volatility and economic uncertainty are making retirees anxious about depleting their savings.
Evidence
- Older Americans spent decades building their retirement nest eggs — now they're afraid to spend them · Business Insider
API: https://socialmediatrends-api.osmike.com/v1/trends/856248