67% of Americans Fear Outliving Money, Savings Rate Falls to 3.7%
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowA recent Allianz study indicates that 67% of Americans fear outliving their money, up from 57% in 2022. Personal savings rates dropped from 6.2% in Q1 2024 to 3.7% in Q1 2026, the lowest in recent history. Inflation factors are significant, with headline PCE inflation at 3.8% year-over-year as of April 2026, and energy prices rising 18.3%. Average hourly earnings increased from approximately $35 to about $37 over the same period, but the decline in the savings rate raises concerns about financial security.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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