Americans’ financial situation still feels tenuous, and for those living off their accumulated savings in retirement, it’s looking especially bleak.
According to Schroders’ 2024 U.S. Retirement Survey, more than a third of current retirees are convinced they do not have enough savings, and a quarter are unsure if their savings will last them through retirement. Inflation was the main factor, with 89% feeling that their assets have lost value because of the economy, while 85% shared that healthcare was more expensive than anticipated.
