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RetirementLiving Survey: 58 Percent of Seniors Fear Running Out of Money

RetirementLiving Survey: 58 Percent of Seniors Fear Running Out of Money

To better understand how older Americans are navigating retirement in 2025, RetirementLiving surveyed 1,000 people aged 60 and older to gather details on their retirement status, savings, debt, Social Security reliance, and financial concerns.

By the numbers:

  • 62 percent of older adults have cut back on spending due to persistent inflation that makes basic expenses like food and medical care harder to afford.
  • 72 percent of older adults are still paying off debt, with credit card debt being the most prevalent type.
  • 30 percent of seniors are financially supporting loved ones.
  • 58 percent of seniors surveyed worry their finances won’t last through retirement. The biggest fear people have is healthcare costs (15 percent) followed by inflation (13 percent), outliving savings (11 percent) and losing Social Security (10 percent).

Published by

Darryl Hicks

Darryl Hicks is Vice President of Communications for the National Reverse Mortgage Lenders Association. In this capacity, Hicks writes for NRMLA's publications, manages the association's web sites and social media accounts, assists committees and the Board of Directors, and manages the Certified Reverse Mortgage Professional designation. Prior to joining NRMLA in 1999, Hicks spent three years in the Washington, D.C. bureau for National Mortgage News.