These are retirees' 5 biggest financial fears
New research highlights the top financial fears of retirees, with inflation and rising healthcare costs being the primary concerns. A significant number of retirees express anxiety about outliving their savings, reflecting broader financial challenges exacerbated by recent economic conditions. The findings emphasize the need for effective financial planning to address these uncertainties.
- ▪90% of retirees worry that inflation will erode the value of their assets.
- ▪87% of retirees are concerned about higher than expected healthcare costs.
- ▪68% of retirees fear outliving their retirement savings.
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MoneyWatch The 5 biggest financial concerns for retirees, according to new research .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Aimee Picchi Aimee Picchi Associate Managing Editor, MoneyWatch Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Reports.
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