Retirement financial anxiety of Americans on a spectrum from not at all anxious to extremely anxious

Majority of Americans Anxious About Financial Preparedness in Retirement, According to Alliance for Lifetime Income Study

The majority of Americans are feeling retirement financial anxiety. According to a landmark survey of 3,119 U.S. adults that we conducted for the Alliance for Lifetime Income, eight in ten non-retired Americans (80%) express anxiety that their savings may not provide enough to live on in retirement.

Additional findings include the following:

  • Americans are approaching retirement unprotected. Only 3 in 10 non-retired Americans (31%) have some protected retirement lifetime income (pension or annuity).
  • The majority of non-retired Americans do not think their retirement savings and sources of income will last their lifetime. Two-thirds of Americans say they’re optimistic about retirement or the next phase in life, but only 42% of non-retired Americans believe their savings and sources of income will last their lifetime. Conversely, 71 percent of retired Americans believe their savings and income will last their lifetime – evidence in part that many of today’s retirees are among the last to benefit from a pension.
  • Many Americans are not actively planning for retirement. Among non-retired Americans, only 1 in 5 have very seriously envisioned life in retirement – a figure that does not vary much by age. Furthermore, 8 in 10 non-retirees lack a specific financial plan that they follow.


Learn more on the Alliance for Lifetime Income’s results webpage, which includes a PDF of the full study results as well as a robust fact sheet.