Even young people are afraid they will run out of money during retirement. Are you?

The Allianz Life 2024 Annual Retirement Study produced a stark finding: 63% of respondents – including 64% of millennials (ages 28 to 43) – reported being more afraid of living than of dying! More specifically, they are more afraid of outliving their money than of reaching the end of their lives.

That is startling but also reasonable: after all, the prospect of having to live with insufficient resources is frightening. Here’s a closer look at the study’s findings, along with some guidelines on how not to run out of money before you run out of breath.

Image source: Getty Images.

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Source Fool.com