Most Americans expect their savings to run out by 79 — years before they die — and many boomers are unprepared
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A survey has found that many americans, including baby boomers, are unprepared for retirement and expect their savings to run out, potentially years before they die. Some reports suggest that over half of americans worry about outliving their retirement savings, while others highlight the impact of longer lifespans and rising inflation on retirement funds. The extent of the issue varies by location, with some states being particularly affected.
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