This used to be just a cliche that muggers would use when relieving you of your wallet. Apparently Americans headed toward retirement feel like they are being mugged as well. According to an Allianz Life Insurance study cited in Financial Planning magazine,
…more respondents between the ages of 44 and 49 say they fear outliving their assets more than they fear death (77% versus 23%).
In other words, an overwhelming majority consider running out of money a fate worse than death. Saving and investing must be far worse than death because Americans really don’t want to do that.
