The Paralyzing Fear of Unearned Success A recent survey has shed light on a peculiar phenomenon plaguing American retirees: the anxiety of spending their hard earned savings.
According to Corebridge Financial's decumulation survey, 38% of retirees have underspent in retirement, not out of necessity but due to an irrational fear of diminishing their nest egg.
This trend speaks to a broader issue – one that has significant implications for individuals and society as a whole.