Majority of Americans Fear Outliving Retirement Savings Despite Increased Confidence
New surveys reveal a growing number of 'super savers,' yet concerns about financial security in retirement persist across generations and genders.
- 68% of Americans feel on track for retirement, up from 56% last year, according to BlackRock.
- Over 60% worry about depleting their savings, with Gen Z expressing the highest concern at 69%.
- 44% of Americans have achieved 'super saver' status by contributing over 10% of their income to retirement plans.
- A significant gender gap exists, with women more likely to worry about outliving their savings compared to men.
- Economic factors like inflation and high living costs are influencing retirement anxieties.