Americans fear going broke in retirement more than death, study finds
Americans fear going broke in retirement more than death, study finds
Allianz survey finds that nearly two-thirds of Americans are more worried about running out of money in retirement than they are about dying.
Read the full article on CBS Money
Truth Analysis
Analysis Summary:
The article is mostly accurate, with its primary claim supported by multiple sources. The article accurately reflects the findings of an Allianz Life study. There is minimal bias, presenting the information in a straightforward manner.
Detailed Analysis:
- Claim: "Allianz survey finds that nearly two-thirds of Americans are more worried about running out of money in retirement than they are about dying."
- Verification Source #1: Supports this claim, stating "Allianz Life study finds 63% worry more about going broke in retirement than dying."
- Verification Source #2: Supports this claim, stating "Allianz Life study finds concerns about high inflation, Social Security and high taxes fuel this fear." and "Nearly 2 in 3 Americans Worry More about Running Out of Money..."
- Verification Source #3: Supports this claim, stating "Many Americans are not only financially unprepared to retire – some fear retirement more than death, a recent survey shows."
- Verification Source #4: Supports this claim, stating "Allianz Life study finds inflation, taxes, and Social Security worry contribute to fear."
Supporting Evidence/Contradictions:
- Verification Source #1, #2, #3 and #4 all support the central claim that a significant portion of Americans fear running out of money in retirement more than death, based on an Allianz Life study.
- Verification Source #2 and #4 mention factors contributing to this fear, such as inflation, Social Security concerns, and high taxes.
- Verification Source #5 is irrelevant to the claims made in the article.