Nearly Half of Americans Worry Retirement Savings Won’t Be Enough
A new report shows that roughly 48 % of Americans in their peak earning years (ages 45–54) are concerned they won’t be able to retire comfortably, highlighting growing anxiety around long-term financial security despite recent market gains.
According to data compiled from recent surveys by financial institutions and research groups, nearly half of people in their late 40s and early 50s say they worry daily about their ability to maintain their standard of living in retirement. The concern is especially acute as household expenses, from housing to energy bills, continue to push costs higher.
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What Is Driving the Stress
Experts say several factors are contributing to this fear:
- Persistent cost-of-living increases — even as inflation eases.
- Slow wage growth for mid-career workers.
- Pressure from rising savings needs, healthcare costs, and debt.
- Uncertainty about market volatility and long-term returns.
Financial planners recommend strategies like automating savings, maximizing retirement account contributions, and reevaluating risk tolerance, but for many households, the stress remains high.
What It Means for the Broader Economy
When a large share of the population fears it won’t have enough for retirement, consumer spending patterns can shift, with more people delaying big purchases or focusing on immediate needs rather than long-term goals. That trend can dampen economic growth and influence labor market behavior, including decisions about second careers or phased retirement.
Source:
Recent national survey results on Americans’ retirement confidence.
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