Content overview: “Prudential Survey: Older Americans Fear Spending Savings, Prefer Guaranteed Income in Reti”. A new survey from Prudential Financial reveals a deep-seated anxiety among older Americans about outliving their money, leading many to hoard rather than spend their retirement savings. The Retirement Pulse survey found that a significant number of retirees are afraid to draw down their nest eggs, even when they have substantial assets. This reluctance stems from a fear of financial insecurity and uncertainty about future expenses, such as healthcare costs and inflation.
Instead of spending, many retirees prefer the security of guaranteed income streams, such as annuities or Social Security, which provide a predictable monthly check. The survey highlights a psychological barrier: after decades of saving, the transition to spending is difficult, and the fear of running out of money overrides the desire to enjoy retirement. The full version stays on the original page, which this listing opens directly.