Summary
Faced with inflation, taxes and concerns over the size of Social Security benefits, most Americans are more afraid of going broke in retirement than they are of death.
In total, 64% of respondents across generations said they are more stressed about running out of funds in their golden years than the prospect of death.
Americans say they need $1.26 million to finance a comfortable retirement, yet the median amount saved is $87,000. “Certainly for boomers…inflation is a big deal.”
This sorta stuff is why I think blaming Boomers is not helpful. This inflation has been inevitable since the Nixon Shock, and it was the “Greatest” generation - not the Boomers - who elected Nixon. We’ve built a high GDP economy that doesn’t serve the working class at all.
This is going to be every generation if we don’t organize in a big way.
It’s never going to happen unless something happens and it just “clicks” like a chain reaction and people “do it” across the country/globe. People these days don’t have the money to pay for privacy.
America brought other countries into this now. It’s not a civil war.