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Many Americans fear outliving their money

Respondents to a Fifth Third Private Bank study also say they are overwhelmed by the complexity of their finances.

By Marlene Y. Satter | Updated on September 14, 2016
Only one out of four in a study by Fifth Third Private Bank feels more optimistic about their financial future than they did a year ago.(Photo: Getty)

It’s no surprise that Americans are worried about money. But a new survey has found that close to half are afraid they’ll run out of money in retirement.

The survey from Fifth Third Private Bank found that, in addition to being afraid they’d outlive their retirement savings, respondents shared lots of additional worries about money and the future. Many apparently feel overwhelmed by the whole issue of managing their money; 43 percent said that managing their finances has gotten more complex over the past five years.

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