Allianz Finds 71% of Americans Reluctant to Spend Retirement Savings
Updated
Updated · Seeking Alpha · Sep 1
Allianz Finds 71% of Americans Reluctant to Spend Retirement Savings
2 articles · Updated · Seeking Alpha · Sep 1
Summary
71% of working Americans expect to hesitate to spend retirement savings, while 39% of retirees already do so, according to Allianz's 2026 study.
One-third of retirees said drawing down assets felt wrong after decades of saving, underscoring how accumulation habits can clash with retirement spending needs.
Record-high anxiety about outliving savings is driving that caution, with about two-thirds of Americans saying they fear running out of money more than death.
J.P. Morgan data cited in the report showed 60% of new retirees face spending volatility in their first three years, while market timing and sequence-of-returns risk can sharply alter outcomes.
The broader takeaway is that retirees may need flexible withdrawal plans and diversified portfolios so fear of depletion does not keep them from using the savings they built.